KEC International’s board has approved raising of funds through one or more qualified institutions placement(s) and/or any other method as may be permitted under applicable laws or any combination thereof, for an aggregate amount of up to Rs 4,500 crore, by way of issue of equity shares and/or any other equity-based instruments (including fully or partly convertible debentures) and/or any combination thereof, in one or more tranches, subject to the approval of shareholders’ and/or other requisite regulatory/statutory approvals, as may be required in terms of applicable laws. The Board of Directors of the company at its meeting held on July 26, 2024, inter alia has approved the same.
KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.
