KEI Industries Ltd. is looking to raise INR 6,000 million by selling shares to qualified institutional buyers, two people aware of the development said. The funds raised will be utilized towards capacity expansion and towards debt repayment, one of the two people said. The (QIP) process is being managed by the investment banking division of Edelweiss Financial Services Ltd, the second person said. While an Edelweiss spokesperson declined to comment, email and calls made to Anil Gupta, Chairman and Managing Director of KEI Industries, were not answered.