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The corporate knowledgeable that it could actually elevate the recent funds by means of fairness, bond, international forex floats, or different devices.
The corporate just lately had a rights challenge of Rs 400 crore.
With Rs 200 crore raised as half fee from the rights supply, the working capital challenge has been largely resolved, officers stated.
The remaining Rs 200 crore will probably be collected later, they stated.
“The corporate is predicted to be Rs 550-600 crore EBITA (Earnings Earlier than Curiosity Taxes and Amortisation) firm in FY’22. And this may rerate the corporate by way of borrowing capabilities,” the officers stated.
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