Orient Cables to launch ₹552-crore IPO on Sept 25

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 22 Sept, 05:16 UTC

Proceeds of the fresh issue will be used for capital expenditure towards purchase of machinery, equipment and civil works at its manufacturing facilities; repayment or partial prepayment of certain borrowings. A portion will also be used for general corporate purposes.

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Sources

• T1Orient Cables to launch ₹552-crore IPO on Sept 25Economic Times — Tech / Technology / Startups / ETTelecom22 Sept, 05:16