Bhilwara Spinners Limited announced a private placement of up to 2,350,000 equity shares of face value of INR 10 each, at a price of INR 65 per equity share for the gross proceeds of INR 152,750,000 on a preferential basis on November 18, 2023. The transaction has been approved by the shareholders of the company and is subject to the approval of the members of the company and such regulatory/ statutory authorities as may be applicable. The transaction will include participation from new investors Shree Bharka India Ltd for 430,000 shares, Ahinsa Infrastructure And Developers Limited for 300,000 shares and individual investors Om Prakash Patwari for 100,000 shares, Kartik Maheshwari for 50,000 shares, Vandna Patwari for 50,000 shares, Lad Kanwar Kothari for 90,000 shares, Anshul Kothari for 75,000 shares, Arpit Kumar Jain for 45,000 shares, Abhishek Bumb for 45,000 shares, Bhanwar Lal Kothari for 90,000 shares, Puneet Kothari for 70,000 shares, Sandeep Kothari for 80,000 shares, Sourabh Kothari for 60,000 shares, Anjali Jain for 80,000 shares, Ashok Kothari for 70,000 shares, Sushila Kothari for 80,000 shares, Narendra Kothari for 75,000 shares, Anju Devi Chaplot for 22,500 shares, RS Pokharna for 60,000 shares, Mahendra Kumar Singhvi for 50,000 shares, Leela Singhvi for 35,000 shares, Shikha Jain for 55,000 shares, Chanda Devi Kothari for 45,000 shares, Narendra Kumar Kothari Huf for 55,000 shares, Rakesh Kothari for 40,000 shares, Bhanwar Lal Kothari Huf for 55,000 shares, Akshita Tater for 40,000 shares, Ranu Vishvas Shishodia for 20,000 shares, Monika Choudhary for 15,000 shares, Sanjeev Jodhawat for 12,500 shares, Dhiraj Kumar Choudhary Huf for 10,000 shares, Mamta Jain for 25,000 shares, Deepak Mehata Huf for 10,000 shares, Preetam Kumar Nagouri for 10,000 shares.