Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Investment in our wholly owned subsidiary KRN HVAC Products Private Limited in the form of equity, for setting up a new manufacturing facility at Neemrana, Alwar, Rajasthan (“Proposed Project”); and | ₹235.76 Cr |
| 2 | General corporate purposes | ₹75.36 Cr |