Jai Balaji Industries Limited announced a private placement to issue 5,000,000 common shares at an issue price of INR 45 per warrant for the gross proceeds of INR 225,000,000 on July 11, 2024. The transaction will include participation from returning investor Mahatejas Vinimay Private Limited for 5.64% stake for 10,000,000 shares and post issuance the investor will hold 15,000,000 shares for 8.22% stake. The transaction has been approved by shareholders of company.