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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding capital expenditure towards purchase of fleets | ₹ 6,378.50 lakhs | — |
| Pre-payment or re-payment of certain outstanding borrowings | ₹ 1,875.98 lakhs | — |
| General corporate purposes | — | — |
The net proceeds from the Fresh Issue are proposed to be utilized for funding capital expenditure towards the purchase of fleets (₹6,378.50 lakhs), pre-payment or re-payment of certain outstanding borrowings (₹1,875.98 lakhs), and general corporate purposes.