Satya Miners & Transporters Limited (BSE:537068) announced a private placement of equity shares for gross proceeds of INR 300,000,000 on September 22, 2014. The securities will be issued pursuant to preferential allotment. The closing of the transaction is subject to necessary approvals from the regulatory authority and approval from the shareholders. The company will hold the meeting of its board of directors on September 29, 2014.

On September 29, 2014, the directors of the company approved the transaction at meeting of its board of directors.

On December 31, 2014, Satya Miners & Transporters Limited cancelled the transaction.