Inani Marbles and Industries Limited (BSE:531129) announced a private placement of 2,337,500 common shares at a price of INR 15 per share for gross proceeds of INR 35,062,500 on November 30, 2020. The face value of the share is INR 2 and will issue at a premium of INR 13 per share. The transaction has been approved by the board of directors of the company and the shareholders at its annual general meeting. The shares will be issued on a preferential basis.