TT&A advised Nuvama Wealth Management Limited and Jefferies India Private Limited who acted as the lead managers in a qualified institutions placement (QIP) of 5,263,157 equity shares of face value of ₹ 2 each (“Equity Shares”) at a price of ₹ 3,800.00 per equity share (the “Issue Price”), including a premium of ₹ 3,798.00 per equity share, aggregating up to INR 20,000 million for KEI Industries Limited.

KEI Industries Limited is involved in manufacturing low tension, high tension and extra high voltage cables, along with control and instrumentation and specialty cables, house wires and stainless-steel wires.

One of the largest QIPs of the year in the cables infrastructure space.

TT&A Team: Abhinav Kumar – Partner; Shubham Sancheti – Senior Associate and Indira Satish, Keshav Yadav & Soham Vakil – Associates