Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company; | ₹69.97 Cr |
| 2 | Augmentation of long-term working capital requirements of the Company; | ₹75.00 Cr |
| 3 | Investment in the wholly owned subsidiary, Tolin Rubbers Private Limited to repay and/ or prepay, in full, certain of its short term and long-term borrowings and augmentation of its working capital requirements; and | ₹23.15 Cr |
| 4 | General corporate purposes | ₹15.68 Cr |