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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 requirements for setting up a new project | 1,861.57 million | — |
| Repayment/pre-payment, in part or full, of certain borrowings availed by our Company | 400.00 million | — |
| General corporate purposes | — | — |
The net proceeds from the offer will be utilized for funding capital expenditure for a new project (₹1,861.57 million), repayment of borrowings (₹400.00 million), and general corporate purposes, which will not exceed 25% of the gross proceeds.