Niyati Industries Ltd. (BSE:511523) announced a private placement of 33,000,000 shares on December 3, 2012. The shares will be issued to promoters and non promoters of the company. The transaction has been approved in the board meeting of the company. The transaction is subject to the approval of the memebers in the extra ordinary general meeting to be held on December 28, 2012.

On December 28, 2012, the company amended the terms of the transaction. The company will now issue 32,000,000 common shares at INR 2.25 per share for gross proceeds of INR 72,000,000. The transaction will see participation from several promoters and non-promoters including Yogesh M Shah and Divyabala M Shah, who will invest for 3,500,000 shares each and Shruti Y Shah, who will invest for 2,000,000 shares. On the same day, the members at the Extra Ordinary General Meeting of the company approved the transaction.

On January 18, 2013, Niyati Industries Ltd. closed the transaction.