Inter Industries Ltd. announced a private placement of 1,578,947 shares at a price of ILS 9.5 per share for gross proceeds of ILS 14,999,997 on January 17, 2021. The transaction will include participation from The Phoenix Insurance Company Ltd. for ILS 2,699,995 and 284,210 shares, Israel Share Partnership- The Phoenix for ILS 10,799,999 and 1,136,842 shares, and Alpha Value 1 L.P., a fund managed by Alpha Value Ltd for ILS 1,500,003 and 157,895 shares. The shares are subject to a 6 month hold period.