Sintercom India Limited (NSEI:SINTERCOM) announced a private placement of 13,50,000 fully paid-up equity shares at a price of INR 67 per share for proceeds of INR 90,450,000 and 19,75,000 4% unsecured Compulsory Convertible Debentures for proceeds of INR 132,325,000 for aggregate gross proceeds of INR 222,775,000 on March 3, 2021. The transaction included participation from Miba AG. The transaction was approved by the Board, shareholders and other regulatory bodies of the company at its Extra Ordinary General Meeting.