the main reason...., page-7

>>to do a retail would have taken over 3 to 4 weeks<<

Fine, they did a placement and got the funds.

Now to be fair to retail they should announce a retail offer on the same term.

Why imply it is either a Placement or an SPP, when both could be achieved?

An SPP is common practice in most companies when raising funds by Placement. This is done in fairness to all holders.