Tirupati Starch and Chemicals Limited announced a private placement to issue 1,497,654 equity shares at an issue price of INR 36.71 for the gross proceeds of INR 54,978,878.34 on August 28, 2023. The transaction has been approved by the board of directors of the company. The transaction will include participation from new investors Amit Modi 249,609 shares, Pradeep Bafna 50,203 shares, Rajesh Mangal 41,603 shares, Rakhi Bafna 15,000 shares, Ramdas Goyal 249,609 shares, Shashikala Mangal 83,203 shares, Sunita Devi Jajodia 249,609 shares, Yogesh Kumar Agrawal 83,203 shares, Nikhar Agrawal 83,203 shares, Parv Agrawal 83,203 shares, Ramesh Chandra Goyal 55,469 shares, Rohit Mangal 41,600 shares, Sachin Bafna 86,203 shares, Shobha Devi Goyal 55,469 shares, Soniya Goyal 55,468 shares and Vidhee Bafna 15,000 shares.