Atul Bioscience Limited announced a private placement of 45,45,455 common shares at an issue price of INR 22 per share for gross proceeds of INR 100,000,010 on January 9, 2019. The transaction involved participation from returning investor Atul Ltd (BSE:500027). The shares are issued at a premium. Post the closing of the transaction, the investor will continue to hold 100% stake in the company.