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KIMS offers 20 mn fresh shares to institutions in a bid to raise ₹1,500 crore

KIMS launched a ₹1,500 crore QIP on Tuesday, offering 19.86 million fresh shares at ₹755 apiece—a 3% discount to market price. Most of the proceeds will retire debt at the listed entity and three subsidiaries, with listing of new shares expected by 25 June. 

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