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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 | ₹ 1,200.00 million | — |
| Prepayment of borrowings | ₹ 550.00 million | — |
| Investment in Lazer India Private Limited | ₹ 150.00 million | — |
| General corporate purposes | — | — |
The company intends to utilize the net proceeds from the offer for funding capital expenditure for a new project, prepayment of borrowings, investment in its subsidiary, and general corporate purposes. The estimated cost for the proposed project is ₹1,750 million.