Kewal Kiran to raise Rs.80.6 Crores through preferential allotment

Kewal Kiran Clothing Ltd has announced that the Company had raised Rs 80.60 Crores by issuing 31,000,37 Equity shares of Rs 10/- each at a premium of Rs 250/- per share. The proceeds from the said issue would be utilized for capital expenditure in setting up new manufacturing facilities, expansion of distribution network by opening additional exclusive outlets, building corporate office and to meet general corporate purposes.

Source : Equity Bulls

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