KEI Industries update on QIP issue aggregating Rs 500 cr

KEI Industries announced that the Qualified Institutions Placement Committee at its meeting held on 28 January 2020, approved the issue and allotment of 1,00,00,000 Equity Shares to eligible qualified institutional buyers at an issue price of Rs. 500 per Equity Share (including a premium of Rs. 498 per Equity Share), aggregating to Rs. 500 crore.

The QIP opened on 23 January 2020 and closed on 28 January 2020.

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