KEI INDUSTRIES LTD. - 517569 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
Dear Sir / Madam, In continuation of our earlier letter dated January 28, 2020 on the captioned subject, we wish to inform you that the Qualified Institutions Placement Committee ('Committee') at its meeting held today i.e. January 28, 2020, approved the issue and allotment of 10,000,000 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. 5000 million (Rupees Five Thousand Millions only). The QIP opened on January 23, 2020 and closed on January 28, 2020, and the same was intimated to you through our letters dated January 23, 2020 and January 28, 2020, respectively. The meeting of the Committee commenced at 09:30 pm and concluded at 11:00 pm.28-01-2020