Adhunik Metaliks Limited (BSE:532727) announced a private placement of 20,000,000 equity shares at a price of INR 10 per share for gross proceeds of INR 200,000,000 and 20,000,000 8.70% compulsory convertible debentures at a price of INR 10 per debenture for gross proceeds of INR 200,000,000 on preferential basis on April 2, 2019. The company will raise aggregate proceeds of INR 400,000,000 in the transaction. The transaction will include participation from LHG Metal Two Private Limited. The transaction has been approved in the Monitoring Committee Meeting of the company.