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NSE · Source: INVESTORGAIN
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Equity investments in Vanya Steels Private Limited | — | — |
| Repayment of borrowings | — | — |
| General corporate purposes | — | — |
The net proceeds from the Fresh Issue will be allocated towards equity investments in Vanya Steels Private Limited, repayment of borrowings, and general corporate purposes. The total estimated cost of the proposed facility is ₹34,437.00 lakhs, with an expected production capacity of 150,000 TPA for SS wire rods.