Clean Solar Power (Jaipur) Private Limited announced a private placement of 200,000 common shares at a price of INR 10 per share for gross proceeds of INR 20,000,000 on December 8, 2017. The transaction will involve participation from new investor Kajaria Ceramics Limited (BSE:500233). The transaction is expected to close in approximately 6 months. The transaction was approved by the board of directors of the investor. Post the closing of the transaction, the investor will hold 8% stake in the company.