KEI Industries Limited — QIP/Rights/Pref., 28-11-2024: Qualified Institutional Placement

KEI Industries Limited has announced a Qualified Institutional Placement (QIP) of 52,63,157 equity shares with a face value of ₹2 each, priced at ₹3,800 per share. This represents a discount of ₹80.54, or 2.0755%, to the floor price of ₹3,880.54. The funds raised will be utilized for various corporate purposes, enhancing the company’s capital structure and supporting its growth plans. The issue was officially closed after receiving applications from qualified institutional buyers.