Kaynes Tech raises funds via QIP at ₹5,569.50/share, closes issue at 1% discount
Kaynes Technology India Ltd on Tuesday announced the successful closure of its Qualified Institutions Placement (QIP), raising funds through the issue of 28.73 lakh equity shares at ₹5,569.50 per share. The issue price reflects a 1% discount to the QIP floor price of ₹5,625.75, as determined under SEBI regulations. The QIP opened on June 19