Kabra Drugs Limited announced a private placement of 5,690,500 common shares at a price of INR 10 per share for the gross proceeds of INR 56,905,000 on January 23, 2024. The transaction will include participation from Udit Aggarwal for 50,000 shares, Joaquina Azavedo for 50,000 shares, Kartik Bathla for 100,000 shares, Vandana Sachdeva for 50,000 shares, Ranjana Kanda for 200,000 shares and other investors. The transaction has been approved by the shareholders of the company.