Kkrrafton Developers Limited announced a private placement to issue 97,200,000 equity shares of face value of INR 10 per share at an issue price of INR 10 for the gross proceeds of INR 972,000,000 on January 18, 2024. The transaction will include participation from Chandan Chaurasiya for 3,782,000 shares. The transaction has been approved by the board of directors of the company.