KEI Industries raises Rs 2,000 crore via QIP
Fri, Nov 29, 2024 9:08 AM

KEI Industries raises Rs 2,000 crore via QIP

A Flip by Avya Verma
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KEI Industries has raised Rs 2,000 crore through a qualified institutional placement of equity shares, with strong participation from domestic mutual funds, including Kotak Mutual Fund, Motilal Oswal, and ICICI Prudential schemes. The QIP will enhance financial flexibility, support growth initiatives, and strengthen the balance sheet.

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