Bharat Highways had filed DRHP for the IPO in December 2023 and received approval for the same earlier this year. The issue price is yet to be determined. The company proposes to use the net proceeds to repay debt availed by the project SPVs and for general corporate purposes.
We should not dismiss the fact that a South Korean religious cult, who have embedded themselves into the Fijian community and business sector are on the ground, speaking to people of influence and in the Cook Islands.
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