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Successful Rs 1,000-crore QIP to help fund Blue Star growth plan: B Thiagarajan
"As for the QIP, given the accelerated growth that we are seeing in the market, we will need additional money, because from Rs 8,000 to 10,000 to 12,000 to 15,000 crore we have a clear visibility in terms of revenue. You can raise debt to fund some part of it, but you definitely need equity capital for funding the growth. It was a well thought out decision and the timing was also right."