The stock finally ended at 5% upper circuit at Rs 26.40. The counter saw trades of 36,843 shares.
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Updated at 1522 Hrs
KEI Industries has hit the 5% upper circuit today on plans to raise funds via preferential and QIP route.
The stock has hit the 5% upper limit at Rs 26.40, with pending buy orders for nearly 32,200 shares on the BSE. The counter has clocked a volume of around 35,770 shares.
According to a release issued by KEI to the BSE today, the company's board has approved a proposal to issue warrants on preferential basis to the promoters and companies under non-promoter group.
Further, the release also states that the company will be raising more funds via 'QIP - Qualified Institutional Placement' route.
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