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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment of borrowings | ₹1,650.00 million | — |
| Funding capital expenditure in Jesons Innovative Polymers Private Limited | ₹779.00 million | — |
| General corporate purposes | ₹600.00 million | — |
The company plans to utilize the net proceeds from the offer for repayment of borrowings (₹1,650 million), funding capital expenditure in its subsidiary (₹779 million), and general corporate purposes, which will not exceed 25% of the gross proceeds from the fresh issue.