Step Two Corporation Limited has announced a private placement of 3,150,000 equity shares at issue price of INR 15 for gross proceeds of INR 47,250,000 on preferential basis on January 3, 2024. The transaction includes 5 individual investor participation of Anuj Agarwal, Basant Lal Choudhary HUF, Santosh Kumar Choudhary, Santosh Kumar Choudhary HUF and Nitu Choudhary. The transaction has been approved by the board of directors of the company and is subject to the approval of shareholders of the company and other regulatory/governmental authorities.