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Kewal Kiran to use new issue proceeds to set up new facilities
22
Jan '08
Kewal Kiran Clothing Ltd has informed BSE about the following: The Company had raised Rs 80.60 Crores by issuing 31,000,37 Equity shares of Rs 10/- each at a premium of Rs 250/- per share.

The proceeds from the said issue would be utilized for capital expenditure in setting up new manufacturing facilities, expansion of distribution network by opening additional exclusive outlets, building corporate office and to meet general corporate purposes.

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Unutilized Funds as on December 31, 2007 has been vested in fixed deposits with banks.

Kewal Kiran Clothing Ltd


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Courtesy: Business wire

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