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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Mundra Project | ₹1,500.00 million | — |
| Outstanding borrowings | ₹2,500.00 million | — |
| General corporate purposes | ₹[●] | — |
The net proceeds from the fresh issue are proposed to be utilized for part-financing the capital expenditure for the expansion of the manufacturing facility at Mundra, repayment of outstanding borrowings, and general corporate purposes.