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NSE · Source: NSE
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment or prepayment, in full or part, of all or certain outstanding borrowings and accrued interest thereon availed by the Company and its Material Subsidiary | Rs 16,078.97 million | 101, 102, 103 |
| General corporate purposes | — | 101, 102, 106 |
The net proceeds from the fresh issue will be utilized for repayment of borrowings and general corporate purposes, which is expected to improve the company's debt-equity ratio and reduce outstanding indebtedness.