RR Kabel IPO | The consumer electrical product maker is going to utilise the net fresh issue proceeds mainly to repay debt amounting to Rs 136 crore, and the remainder on general corporate purposes.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an Offer For Sale (OFS) of over 1.72 crore equity shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP).
India Business News: RR Kabel, a wires and cables manufacturer backed by TPG Capital, has received approval from India's capital markets regulator, Sebi, to raise funds th