Loading…
Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Repayment or pre-payment of borrowings | ₹ 1,750 million | — |
| General corporate purposes | — | — |
| Pre-IPO Placement | ₹ 500 million | — |
The company proposes to utilize the net proceeds towards funding the repayment of borrowings by its subsidiaries amounting to ₹ 1,750 million and for general corporate purposes, with the latter amount to be finalized upon determination of the offer price and not exceeding 25% of the net proceeds.