IPO Objectives
1. The net proceeds of the Issue, i.e., gross proceeds of the Issue less the Issue related expenses to be borne by our Company (“Net Proceeds”), are proposed to be utilised in the following manner:
2. Payment of the purchase consideration for the acquisition of the K-12 Entities and Campuses;
3. Repayment and/ or prepayment, in full or in part, of certain outstanding borrowings and prepayment penalties, as applicable of availed by our Company and certain of our Subsidiaries, namely GHS Shoolini, GHS Sonipat, Souk HIS UAE and Souk NLCS UAE, through investment in such Subsidiaries; and
4. Funding inorganic growth through unidentified acquisitions, other strategic initiatives and generalcorporate purposes
