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    ✅ Yes, the content seems to be true and authentic, as reported by several sources.

    These, include:

    1. https://techresearchonline.com/news/kaynes-tech-qip-global-expansion/ - (Trust Score 6/10)

    - Kaynes Tech announced its plans to raise ₹1,600 crore through a Qualified Institutional Placement (QIP) at ₹5,625.75 per share to fund global expansion and establish a semiconductor assembly and testing facility.

    2. https://www.capitalmarket.com/markets/news/hot-pursuit/kaynes-technology-gains-on-launching-qip/1612805 - (Trust Score 7/10)

    - The company's board authorized and declared the opening of the issue on June 19, 2025, with a floor price of Rs 5,625.75.

    3. https://hdfcsky.com/news/kaynes-technology-qip-floor-price-at-rs-5625-75-per-share - (Trust Score 6/10)

    - Kaynes Technology disclosed a floor price of ₹5,625.75 per share for its forthcoming Qualified Institutional Placement (QIP), aiming to raise ₹1,600 crore to fund global expansion and enhance technological capabilities.