MUMBAI: Premji Invest-backed Gold Plus Glass Industry, a local glass manufacturer is planning to raise as much as Rs 2,400 crore through a combination of debt and equity to fund its greenfield expansion ramping up productions.
The company is said to have appointed KPMG as an advisor for the proposed fundraising. It also aims for a public listing at a later stage.
The local manufacturer is looking to raise about Rs 600 crore via equity dilution to any institutional investor, two people with knowledge of the matter told ET. While most of the corpus would be raised via debt – loan or bonds, some internal accruals are likely to be tapped for the same.