The issue, which closes on September 8, comprises fresh equity of Rs 542 crore and an offer for sale of up to 4.45 million equity shares. Under the OFS, Devang Vasantlal Gandhi will offload up to 1.25 million equity shares. Jointly with Neeta Gandhi, Devang will sell 9 lakh units
As per the DRHP, the proceeds from the issue will be utilized to the extent of Rs 463.90 crore for repayment, in full or in part, of borrowings availed from banks by the company and material subsidiary and for general corporate purposes
The firm in May filed its draft papers with SEBI to raise funds via IPO. The IPO comprises a fresh issue of Rs 615 crore and an offer for sale (OFS) of up to 4.45 million shares by its existing shareholders and promoters.
Jupiter Life Line Hospitals Raises ₹ 123 Cr In Pre-IPO Round freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.