Makina Takim Endüstrisi A.S. (IBSE:MAKTK) announced a private placement of 16,000,000 shares at TRY 1 per share for gross proceeds of TRY 16,000,000 on December 9, 2016. The transaction included participation from a returning investor, Gozde Girisim Sermayesi Yatirim Ortakligi A.S. (IBSE:GOZDE). As part of the transaction, the investor acquired 8.02% stake, increasing its stake from 83.14% to 91.16%.