Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Capital expenditure to be incurred by the Company for establishment of an E2W factory in Maharashtra, India. | ₹927.20 Cr |
| 2 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company. | ₹40.00 Cr |
| 3 | Investment in research and development. | ₹750.00 Cr |
| 4 | Expenditure towards marketing initiatives. | ₹300.00 Cr |
| 5 | General Corporate Purposes | ₹492.20 Cr |
| 6 | Issue Expenses | ₹132.80 Cr |
| 7 | Total | ₹2,642.20 Cr |