Kaynes Tech to Raise Rs 1,600 Cr Through QIP; Sets Floor Price at Rs 5,625.75 Per Share

Kaynes Tech to Raise Rs 1,600 Cr Through QIP; Sets Floor Price at Rs 5,625.75 Per Share

Get latest articles and stories on Latest News at LatestLY. Electronics manufacturing services company Kaynes Technology on Thursday announced the floor price at Rs 5,625.75 per share for raising Rs 1,600 crore though issue of equities on a qualified institutional placement basis. Latest News | Kaynes Tech to Raise Rs 1,600 Cr Through QIP; Sets Floor Price at Rs 5,625.75 Per Share.

Kaynes Technology shares rise 4% after launching Rs 1,600-crore QIP - GAGA INDIA

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Kaynes Tech Launches Rs 1,600-Crore QIP, Sets Floor Price

Kaynes Technology India Ltd. announced the launch of its qualified institutional placement on Thursday to raise funds of up to Rs 1,600 crore.The floor price for the company's QIP has been fixed at Rs 5,625.75 per share, which is around 4.8% lower than the stock's closing price of Rs 5,612.Promoters of the company are offloading up to 28.5 lakh shares, marking 4.67% stake of pre-issue outstanding equity capital at the upper end of the offer, as …

Kaynes Tech to raise Rs 1,600 cr through QIP; sets floor price at Rs 5,625.75 per share

New Delhi, Jun 19 (PTI) Electronics manufacturing services company Kaynes Technology on Thursday announced the floor price at Rs 5,625.75 per share for raising Rs 1,600 crore though issue of equities on a qualified institutional placement basis. The fundraise plan was approved by the company's board on January 22 and by shareholders on February 14, the company said in regulatory filing. The fund raising committee, at its meeting held on June 19,…