Kayel Securities Limited (BSE:539562) announced a private placement of 12,000,000 common shares at a price of INR 12.5 per share for gross proceeds of INR 150,000,000 on June 20, 2019. The shares will be issued to promoters and non-promoters at a premium of INR 2.5 per share. The transaction has been approved by board of directors of the company.