JSL Industries Limited (BSE:504080) announced a private placement of 42,735 6% non-convertible non-cumulative redeemable preference shares at a price of INR 234 per share for gross proceeds of INR 9,999,990 on January 18, 2018. The transaction will involve participation from existing investor Winner Innovation Learning Limited. The shares will be issued at a premium of INR 134 per share and will carry a coupon of 6% per annum. The transaction has been approved by the board of directors of the company and is subject to approval from the shareholders of the company to be obtained at the extra-ordinary general meeting to be held on February 20, 2018.