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KEI Industries
BSE: 517569NSE: KEIISIN: INE878B01027

23rd-Jan-2020 17:59Source: BSE

KEI Industries - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement

Dear Sir / Madam

Fund Raising Committee (''Committee'') today, i.e., on January 23, 2020 has, inter-alia, passed resolutions in connection with the following:
(i)Raising of funds by way of issue of Equity Shares, through a QIP;
(ii)Authorised the opening of the QIP, today, i.e. on January 23, 2020.
(iii) Approved the floor price for the QIP, being Rs. 518.14 per Equity Share based on the pricing formula as prescribed under Regulation 176 of the SEBI ICDR Regulations (the ''Floor Price''); and
(iv)Approved the preliminary placement document dated January 23, 2020 together with the application form dated January 23, 2020, in connection with the QIP.
We also wish to inform you that a meeting of the Committee is scheduled to be held on or after January 28, 2020.

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