Moser-Baer India Ltd. (BSE:517140) announced a private placement of 22,000,000 common shares at INR 10 per share for gross proceeds of INR 220,000,000 on February 21, 2015. The company will issue securities to new investor Microgreen Electronics Private Limited on preferential allotment basis which will own 9.55% stake in the company following the transaction. Shares to be issued have a par value of INR 10 each share.

The transaction will take place in one or more tranches. The transaction has been approved by the board of directors. The transaction is subject to shareholders' approval.