Jainco Projects (India) Limited (BSE:526865) announced a private placement of common shares on July 23, 2012. The company will issue shares on preferential basis to the persons belonging to the promoter and non-promoter category.

On September 3, 2012, the company announced the board of directors' recommendation to shareholders for the issue.

On January 18, 2013, the company announced that it will issue 6,000,000 equity shares of INR 10 each on preferential basis.

On January 24, 2013, Jainco Projects (India) Limited closed the transaction. New investors, Commercial Consultants Pvt. Ltd., Julsa Trading Pvt. Ltd., Dbkeynaar Commodeal Pvt. Ltd., and Newmony Textiles Pvt. Ltd., subscribed for 450,000 shares each and acquired a 4.50% stake in the company. Another new investor, Utpal Trading Pvt. Ltd subscribed for 272,028 shares and acquired a 2.72% stake in the company. Bircort Agro Pvt. Ltd., Demart Trading Pvt. Ltd., Epixtar Trading Pvt. Ltd., and Rekha Creations Pvt. Ltd. subscribed for 450,000 shares each and Omnitech Engineers (India) Pvt. Ltd. subscribed for 327,972 shares.