Inertia Steel Limited announced a private placement of 32,30,000 shares at issue price INR 12 per share for gross proceeds INR 38,760,000 on June 3, 2024. The transaction includes participation from Manohar Lal Ahuja, Gurpreet Singh Chawla, Ganesh Shankar
Gupta, Priyanka Maheshwari, Abhishek Gupta, Sumit Kumar Gupta, Manisha Gupta, Pulakeshin Private Limited, Ankur Bhupendra
Shah, Harshal Devendrakumar Sanghavi, Dhaval Kamal Zaveri, Manshi Dhaval Zaveri, Patel Vinod Natubhai HUF, Pragna Vinod Patel, Vinod Natubhai Patel, Mulchand Karamshi Mota, Vasanti Gunvant Sheth, Parul Arun Verma, Naresh Chandra Gupta and Ashwin Fulchand Karania HUF. The transaction was approved by board of directors subject to approval of shareholders.