The company has announced a board meeting to discuss a follow-on public issue (FPO) aiming to raise up to ₹500 Cr.

The FPO will consist of 10 million shares at an issue price of ₹50 per share.

Proceeds are intended for strengthening the balance sheet and funding various growth initiatives.

The timeline for the offering is expected to be laid out in the upcoming meeting, which is anticipated to enhance the company’s liquidity and support its long-term objectives.