Raising ₹175cr at ₹250/share means issuing 70 lakh shares. With company at present having ~392 lakh shares, the dilution will be ~18%, which is too high. The promoter holding will go down from ~47% to ~40%.
Another issue is that the company having ~400 cr of sales and ~50cr yearly PAT will be taking 375cr of debt on its books. That is very risky scenario.
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