- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Hindware Home Innovation Limited has shared a monitoring report from CARE Ratings confirming that the Rs. 249.70 crore raised through its Rights Issue was fully utilized as planned. Funds were mainly used to lend Rs. 98 crore to its subsidiary for repaying secured working capital loans and Rs. 151.14 crore to partly reduce its own borrowings. Issue-related expenses were minimal and mostly reimbursed. The report highlights disciplined capital deployment with no delays or deviations, supporting the company’s strategic financial management.