Analysis and Insights into the world of IPOs and investing in India

Sunday, January 10, 2010

Birla Shloka Edutech Ltd. FPO - Objects of the Issue

The Objects of the Issue are to achieve the benefits of Listing on the Stock Exchanges and to raise capital to meet:

  1. Capital expenditure for Turnkey Projects executed by the company under the BOOT model
  2. Capital expenditure on upgradation of infrastructure and content development for XL@School
  3. Funding the proposed M&A activities
  4. Working Capital requirements
  5. Public Issue Expenses
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