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Keystone Realtors Limited reports that the utilization of proceeds from its Qualified Institutional Placement (QIP) of ₹800 crore has been monitored by CARE Ratings. For the quarter ended December 31, 2024, the report confirms no deviations from the intended use of funds, which include cost allocations for land acquisition, repayment of borrowings, and general corporate purposes.
This clarity may enhance investor confidence, reflecting effective capital management. Continued alignment with stated objectives supports a positive outlook, signifying disciplined financial practices amidst growth opportunities in the real estate sector.