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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Proposed acquisition of 51% of Segmental Infrastructure Development Limited | ₹221.65 million | — |
| Repayment of borrowings | ₹65.00 million | — |
| Incremental working capital requirements | ₹199.33 million | — |
The company plans to utilize the net proceeds for acquiring a 51% stake in Segmental Infrastructure Development Limited, repaying borrowings, and funding working capital requirements. A portion will also be allocated for inorganic growth and general corporate purposes.