Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Offer for sale | — |
| 2 | Part-financing the capital expenditure towards construction of facility, namely Specialty Steel Melting Division, for manufacturing special steel (alloy steel, carbon steel, valve steel), stainless-steel blocks and blooms, and expansion of stainless-steel wire at the existing facility, namely, Wire Rod and Bar Division | ₹200.00 Cr |
| 3 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | ₹200.00 Cr |
| 4 | General corporate purposes | — |
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