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Kaynes Technology India has allotted 57,75,577 equity shares to eligible qualified institutional buyers at the issue price of Rs 2,424 per equity share, i.e., at a premium of Rs 2,414 per equity share (which
includes a discount of Rs 25.96 per equity share (1.06% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price), aggregating to Rs 1399.99 crore pursuant to the QIP issue.
Consequently, the paid up equity share capital of the company has increased to Rs 63,91,80,730 consisting of 6,39,18,073 equity shares each.
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