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akums drugs ipo: Akums Drugs files draft IPO papers with Sebi; eyes Rs 680 cr via fresh issue

The company is looking to raise Rs 136 crore through a pre-IPO placement. If such placement is undertaken, then fresh issue size will be reduced. Proceeds from the fresh issue will be used to repay debt, fund working capital requirements of the company, pursue inorganic growth initiatives through acquisition and for general corporate purposes. ....

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