Sanko Sekisui JRG Tooling India Private Limited announced a private placement of 40,000,000 shares at ¥19.5 per share for gross proceeds of ¥780,000,000 on September 8, 2015. The transaction will include participation from an existing investor, Sanko Gosei Ltd. As part of the transaction, the investor will acquire 50% stake in the company increasing its stake from 25% to 75% in the company. The tentative contract conclusion date is September 30, 2015 and the tentative acquisition date is October 15, 2015.

The transaction has been approved by the board of directors of the investor.