KEI Industries has successfully raised Rs 2,000 crore through a qualified institutional placement (QIP) of 52.6 lakh equity shares at Rs 3,800 each, with strong participation from domestic mutual funds. Kotak Mutual Fund emerged as the largest investor, acquiring 27.51% of the shares, while Motilal Oswal and Government Pension Fund Global received 13% and 5.15%, respectively. The funds will enhance the company's financial flexibility, support growth initiatives, and strengthen its balance sheet.
