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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Investment in our Material Subsidiary, ESPL for augmenting its capital base, to meet its onward lending requirement | 5,626 (₹ million) | — |
| General corporate purposes | — | — |
The net proceeds from the fresh issue will primarily be used to invest ₹5,626 million in its Material Subsidiary, EarlySalary Services Private Limited, to augment its capital base for onward lending. Additionally, up to 25% of the gross proceeds may be allocated for general corporate purposes.