Choksi Laboratories Ltd (BSE:526546) announced a private placement of equity shares on November 14, 2013. The company will issue shares to the promoters of the company on preferential basis. The transaction has been approved by the board of directors of the company.

On December 19, 2013, the company announced that the company will issue 300,000 shares in the transaction. The transaction has been approved by shareholders of the company in its extraordinary general meeting.

On January 2, 2014, Choksi Laboratories Ltd closed the transaction. The transaction included participation from a single allottee.