The filling mentions that this pledge is create collateral against a loan to be taken by promoter held subsidiary.
This QIP i have a feeling that there are expecting more orders which is why they want to raise capital. Very recently they said they want to eliminate all debt. Would be great if you could share what is the purpose of QIP funds.
But more importantly, I am keenly following orderbook. 4.9K at end of Q1 + this extra 1.5K from NTPC. Eager to see
a. Repayments (to alleviate debt)
b. Nigerian order
c. Reliance Orders
Disc: Invested
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