Bharat Wire Ropes Limited announced a private placement of 3,388,270 equity shares at a price of up to INR 125 per share including a premium of INR 115 per share for gross proceeds of INR 423,533,750 on September 23, 2022. The company will issue the securities on preferential issue basis. The transaction will include participation from returning investor Gyan Shankar Investment & Trading Co.

Pvt Ltd. The transaction was approved in the 120th meeting of the board of directors of the company. The transaction is subject to approval of shareholders and from regulatory and statutory authorities.