Sree Ramcides Chemicals Pvt Ltd. announced that it will issue 1,320,000,000 common shares at a price of INR 1 per share for gross proceeds of INR 1,320,000,000 from SDS Biotech K.K. (TSE:4952) on March 13, 2018. The company transaction is expected to close on March 15 2018. The transaction was approved by the board of directors of SDS Biotech K.K. (TSE:4952).