Complicated structures

I have read somewhere that one should be suspicious of companies with complicated structures and having this or that subsidiary.
The context is the rights issue of the Green Power Company. Its prospectus, at one page itself tells us that the money collected will go to:
(1)To invest/ infuse funds in our newly incorporated wholly owned subsidiary Delta Renewable Energy Private Limited (“Delta”): 14,350.00 (figures in lakhs)
(2) Repayment/Pre-payment of unsecured loan availed by our Company from Gamma Green Power Private Limited (“GGPPL”, one of the subsidiaries of our Company) & Clarion Wind Farm Private Limited (“CWFPL”, one of the step-down subsidiaries of our Company):1,364.46
(3) To lend fresh loans to GGPPL and CWFPL to facilitate them to repay/prepay in full or part of unsecured loans availed by them from SVL limited, one of the Corporate Promoters of our Company :: 6,035.54
(4) Part payment of security deposits towards contractual lease commitments of Beta Wind Farm Private Limited (“BWFPL”) one of the subsidiaries of our Company: 500

Should I think twice before applying in its Rights?
PS: I have withdrawn my bid after posting this, without waiting for the replies, as I couldn’t shake off the unease. I like people who talk straight and over-cleverness jars.