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Saravan Stocks

Hot Pursuit

Scrips, which has significant changes during the market hours.

Kaynes Tech board OKs fund raising upto Rs 1,400 cr

18-Nov-23 14:30 Hrs IST

The company will raise funds through the issuance of instruments or security including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering.

Kaynes Technology India (KTI) is an end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services.

The company?s consolidated net profit jumped 53.9% to Rs 32.31 crore on 32.1% increase in net sales to Rs 360.85 crore in Q2 FY24 over Q2 FY23.

The scrip rose 0.02% to end at Rs 2,490.25 on Friday, 17 November 2023.

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