The company proposes to utilise the net proceeds from the fresh issue towards funding capital expenditure towards renovation of existing hotels; repayment and prepayment in full of part of certain borrowings; and general corporate purposes.The company proposes to utilise the net proceeds from the fresh issue towards funding capital expenditure towards renovation of existing hotels; repayment and prepayment in full of part of certain borrowings; and general corporate purposes.
Pride Hotels Limited, receives SEBI nod to launch its proposed Rs 1000 crore IPO
