The professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10 anchor investors and raised Rs 363.53 crore at Rs 510 apiece. This is against the price band of Rs 500 – Rs 525 per share for a fresh issue of 1,58,40,000 equity shares.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of
December 7, 2025