The net proceeds of the Fresh Issue, i.e. Gross proceeds of the Fresh Issue less the Offer Expenses apportioned to our Company (â€œNet Proceedsâ€) are proposed to be utilised in the following manner:1. Repayment/prepayment of certain indebtedness availed by our Company (including accrued interest)
2. Funding working capital requirements
and3. General corporate purposes.