Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding of expenses proposed to be incurred towards obtaining various certifications from the Federal Aviation Administration (“FAA”) and the European Union Aviation Safety Agency (“EASA”) for Wireless Streaming Server (“AeroHub”) and Patented Inviseo tray table | ₹3.50 Cr |
| 2 | Funding working capital requirements of the Company for manufacturing the Proposed Products and the working capital requirements of the Company in the ordinary course of business | ₹8.50 Cr |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹2.50 Cr |
| 4 | General corporate purposes | ₹3.82 Cr |