According to media reports, the company will use Rs 1,300 cr (out of the Rs 2,000 cr) to repay loans and invest in its overseas operations. The rest of the funds will likely be used for the purpose of strategic acquisitions.source https://economictimes.indiatimes.com/industry/banking/finance/ipo-plan-okayed-tvs-supply-chain-solutions-may-go-in-for-acquisitions/articleshow/91507523.cms
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