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Kalpataru Aims for Deleveraging with Firm Cash, IPO Proceeds
Business Standard
|June 20, 2025
Real estate firm Kalpataru is aiming to deleverage its balance sheet by using the proceeds of its upcoming ₹1,590 crore initial public offering (IPO), the firm's existing cash balance, and estimated future cash flow generated via sales, the company said.
Kalpataru's net debt is around ₹10,120.52 crore as of December 31, 2024. Its debt-to-equity ratio is around 3.7x, which it expects to go down below 2x after the fundraise. Of ₹1,590 crore that the company aims to raise via IPO, which opens on June 24, ₹1,192.5 crore will be utilised for repayment of its borrowings.
यह कहानी Business Standard के June 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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