Kaynes Technology Opens ₹16 Billion QIP At ₹5,625.75 Per Share

Kaynes Technology India Ltd. on Thursday opened its qualified institutions placement issue, setting a floor price of ₹5,625.75 per share, with the option to offer up to 5% discount, bringing it to around ₹5,344.

The company had earlier secured shareholder approval to raise up to ₹16 billion through QIP or preferential allotment. The record date for the issue is June 20, the company said in a stock exchange filing.