Samvardhana Motherson IPO intends to raise Rs 1344 CR, apart from Offer For Sale proceeds of Rs 321Cr.
The funds intended to be used for the following purposes.
RS IN CRORES
PURPOSE
|
AMOUNT
|
1. Funding per-payment and repayment of debt
facilities availed by the company and certain of its Subsidiaries.
|
338.50
|
2.Funding
strategic investments in
Samvardhana Motherson Polymers
Joint Venture, and Samvardhana Motherson Holding,
the Subsidiary of the company
|
627.50
|
3. Funding investments in rear-view vision systems business
|
156.00
|
4. General corporate purposes
|
222.00
|
5.Total
|
1344.00
|
