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Corporate
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Announcements
Kewal Kiran raises Rs 80.6 cr
Mumbai, May 12
Kewal Kiran Clothing Ltd has informed the BSE that
the company had raised Rs 80.60 crore by issuing
31,00,037 equity shares of Rs 10 each at a premium of Rs
250 a share. The proceeds from the issue would be
utilised for capital
expenditure in setting up
new manufacturing
facilities, expanding
distribution network by
opening additional
exclusive outlets,
building corporate office
and to meet general
corporate purposes. -- Our Bureau
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