One 97 Communications Limited — Others, 22-07-2025: Monitoring Agency Report
22-07-2025 | 07:04 pm
22-07-2025 | 07:04 pm
One 97 Communications has received its IPO proceeds utilization report, confirming no deviation from its stated objectives. Of the net 8,119.4 Cr allocated for business growth, new initiatives, and general corporate purposes, 6,119.4 Cr has been utilized to date. No fresh utilization of these specific IPO funds occurred during the last quarter. The remaining 2,000 Cr of unutilized proceeds are securely held in bank deposits, generating interest for the company. This update assures investors that IPO funds are being used as planned, supporting the company's strategic roadmap.
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