The company proposes to utilise the net proceeds from the fresh issue towards prepayment of certain outstanding borrowings, capital expenditure funding, and general corporate purposes. JM Financial and Kotak Mahindra Capital are the book running lead managers to the offer.
New senior citizens policy in the works after 25 years
India is developing a new senior citizen policy and amending the Maintenance and Welfare of Parents and Senior Citizens Act 2007 to address the needs