Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Funding part payment of purchase consideration for the proposed acquisition of GoZoop Online Private Limited (“GoZoop”) | ₹34.00 Cr |
| 2 | Funding capital expenditure to be incurred for Establishment of an AI-Led Short-Form Content Production Hub (“ACP Hub”) | ₹4.01 Cr |
| 3 | Funding the incremental working capital requirements; and | ₹16.00 Cr |
| 4 | Funding inorganic growth through unidentified acquisitions and general corporate purposes | ₹14.77 Cr |
| 5 | Issue Expenses | ₹11.34 Cr |
| 6 | Total | ₹80.11 Cr |