The Offer comprises the Fresh Issue and the Offer for Sale, aggregating up to Rs. 11,748.16 million.
Offer for Sale
The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will be entitled to receive their respective portion of the proceeds from the Offer for Sale after deducting their respective portion of the Offer related expenses and relevant taxes thereon.
Fresh Issue
The Net Proceeds from the Fresh Issue are proposed to be utilized towards the following objects:
1. Funding working capital requirements of the Company 2. General corporate purposes |