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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Funding working capital requirements | ₹1,400.00 million | — |
| Pre-payment of borrowings | ₹450.00 million | — |
| General corporate purposes | — | — |
The net proceeds from the fresh issue will be used for funding working capital requirements, pre-payment of borrowings, and general corporate purposes. The company plans to utilize ₹1,400.00 million for working capital and ₹450.00 million for pre-payment of borrowings.