KEI Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 21, 2012, inter alia, to consider and approve the following:
- Issue and allotment of 33,00,000 Equity Shares of face value Rs. 2/- each for cash at a price of Rs. 18/- per share (which includes a premium of Rs. 16/- per Equity Shares) on preferential basis, to the Promoter(s) / Promoter Group as per SEBI(ICDR) Regulations, 2009.