Stratmont Industries Limited announced that it has completed a non-brokered private placement and issued aggregate of 8,000,000 equity shares at an issue price of INR 10 per equity share for gross proceeds of INR 80,000,000 on December 21, 2023. The transaction included participation from Nexpact Limited Fund, Eminence Global Fund PCC and AG Dynamic Funds Limited. The transaction is approved by board of directors.