{
Belrise Industries Ltd.

Companies

}
Belrise Industries plans 2150 crore IPO to reduce debt burden
Belrise Industries, an automotive component manufacturer based in Pune, plans to raise Rs 2,150 crore through an initial public offering (IPO) aimed at reducing its debt burden of Rs 1,618.08 crore, which constitutes 62.52% of its total borrowings. The IPO will consist solely of a fresh issue, with no offer-for-sale component, and the company may also consider a pre-IPO placement of Rs 430 crore to further reduce the fresh issue amount. The remaining funds will be allocated for general corporate purposes.
Moneycontrol
Indian Rupee Belrise Industries Ltd. IND
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15:23 20.11.2024
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