Schneider Electric Infrastructure Limited (BSE:534139) announced a private placement of 125,000,000 8% cumulative redeemable non- convertible preference shares at a price of INR 10 per share for gross proceeds of INR 1,250,000,000 on January 18, 2016. Each share has a face value of INR 10. The transaction will include participation from a new investor, Schneider Electric It Business India Private Limited.

The preference shares bears dividend at a fixed rate of 8% per annum and redeemable at the option of either parties within 20 years from issuance. The transaction will take place on preferential basis. The transaction was approved by the board of directors of the company and is subject to the approval of the shareholders through the postal ballot voting to be held on March 1, 2016.