Subject to finalisation of Basis of Allotment,Issue of 13,715,495Equity Shares for cash at price of Rs. 555per Equity Share (including a share premium of Rs. 545per Equity Share) aggregating to Rs. 7,600.00 million.The Issue includes areservation of 220,000 Equity Shares aggregating to Rs. 110.00 million for subscription by Eligible Employees.
The net proceeds of the Issue, i.e. Gross proceeds of the Issue less the Issue expenses (“Net Proceeds”) are proposed to be utilised in the following manner:
1. Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest)
2. General corporate purposes |