Yuken India Limited announced a private placement of up to 1,000,000 common shares at a price of INR 600 for the gross proceeds of INR 600 million on preferential basis on May 12, 2023. The price will be determined in accordance with Regulation 164 of SEBI (ICDR) Regulations. The transaction will include participation from returning investor, Yuken Kogyo Co., Ltd. for 1,000,000 shares.

The transaction has been approved by board of directors of the company. The transaction is expected to close in June, 2023.