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Our Bureau

Hyderabad, June 12

In view of the depressed capital market scenario and also considering the overall interest of investors, Khaitan Electricals Ltd (KEL) has decided to postpone its proposed preferential offer. The decision was taken at the KEL board meeting on Monday. The company had earlier obtained the approval of shareholders on June 5 to issue 30-lakh equity shares to strategic investors and 12-lakh shares to the promoters at a price of Rs 129.30 per share.

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