Vipul Limited announced a private placement of 21,000,000 equity shares face value of INR 1 each at a price INR 23.7 for a gross proceeds INR 497,700,000 on May 8, 2024. The transaction is subject to Receipt of statutory and other approvals and compliance of guidelines/regulations issued by the statutory authorities including SEBI, RBI, MCA. The issuance is made on preferential basis.

The transaction was approved by board of directors.