Planter's Polysacks Limited announced a private placement 11,860,000 equity shares of the company at a price of INR 10 per share for gross proceeds of INR 118,600,000 on May 12, 2023. The company will issue the shares through preferential allotment. The transaction has been approved by the board of directors of the company.

The transaction is subject to approval from the shareholders of the company in the Annual General Meeting of the company.