Fineotex Chemical Limited announced a private placement that it will issue 4,200,600 share warrants at a price of INR 346 per warrant for the gross proceeds of INR 1,453,407,600 on February 16, 2024. The transaction will include participation from Coeus Global Opportunities Fund, Aries Opportunities Fund Limited, Elara India Opportunities Fund, Omkara Capital Private Limited, NVS Corporate Consultancy Services Private Limited, WOW Investment, Aarson Investment, Ten Eighty Investments, Hypotenuse Investments and individual investors such as Sanjay Tibrewala, Jesal Nalin Shah and Varinder Bansal. The transaction has been approved by the board of directors of the company.