Shriram EPC Limited (BSE:532945) announced a private placement of 15,053,763 common shares at INR 23.25 per share for gross proceeds of not exceeding INR 349,999,982.64 on January 19, 2017. The transaction will include participation from Kpr Investments Private Ltd. The company will issue shares on preferential basis. The transaction has been approved by the board of directors of the company at its board meeting. The transaction is subject to shareholders’ approval and regulatory approvals.