IPO funds would be used for payment of debts, towards corporate purposes: Dr Agarwals

Dr Agarwals Eye Hospital aims to utilize its IPO proceeds of Rs 3,027.26 crore for debt repayment and general corporate purposes. The company plans a fresh issue worth Rs 300 crore and an Offer for Sale amounting to Rs 2,727.26 crore, targeting to reduce its current debt of Rs 373 crore.

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