Singer India Limited announced a private placement of 74,77,364 common shares at a price of INR 76 per share for gross proceeds of INR 56,82,79,664 on December 14, 2022. The transaction will include participation from new investors, K.Raheja Private Limited for 5,26,315 shares, Iifl Private Equity Fund for 26,31,578 shares, Boon Investment And Trading Company Pvt Ltd for 3,94,736 shares, Rafique Malik Family Trust for 13,15,789 shares, Neeru Dhanoal Jhaveri for 30,000 shares, and Alpana S Dangi for 10,00,000 shares and returning investors, Pga Securities Private Limited for 9,21,052 shares and Gauri Tandon for 6,57,894 shares. The transaction has been approved by the board of directors of the company.