Sejal Glass Limited announced a private placement of equity shares for gross proceeds of not exceeding INR 900,000,000 and non-cumulative redeemable preference shares for gross proceeds of not exceeding INR 450,000,000, for aggregate gross proceeds of INR 1,350,000,000 on January 18, 2023. The equity shares will be issued through Qualified Institutional Placement (QIP) and preference shares to the promoters/
promoters group/associates/body corporates on preferential basis in one or more tranches. The transaction has been approved by board of directors of the company but still needs to be approved by the company's shareholders.