ugatz
In a distant country the local promoters sold a company to the step down sub of a local outfit and took back paper (notes) in an exchange.
In english the proceeds from the offering will go to private equity funds and to pay off the notes.
The company receives ugatz (a nice Italian term) but a listing at 10x of the last entry price in the capital table
The reading is worth a glass of the favorite red and an hour in the twilight of the day
The business plan is, however, sensible
To wit
A significant portion of the proceeds of the Fresh Issue will be utilized for investment in our wholly owned subsidiary Advanced Enzymes USA, which shall in turn utilize these funds for repayment / pre-payment of certain loans availed by it from our Promoter
26 One of the Objects of the Fresh Issue is for investment of ` 500 million in our wholly owned subsidiary Advanced Enzymes USA, which shall in turn utilize these funds for repayment / pre-payment of certain loans availed by it from our Promoter,
For further details, please see the chapter titled ―Objects of the Offer‖ beginning on page 113 of this Draft Red Herring Prospectus
In a distant country the local promoters sold a company to the step down sub of a local outfit and took back paper (notes) in an exchange.
In english the proceeds from the offering will go to private equity funds and to pay off the notes.
The company receives ugatz (a nice Italian term) but a listing at 10x of the last entry price in the capital table
The reading is worth a glass of the favorite red and an hour in the twilight of the day
The business plan is, however, sensible
To wit
A significant portion of the proceeds of the Fresh Issue will be utilized for investment in our wholly owned subsidiary Advanced Enzymes USA, which shall in turn utilize these funds for repayment / pre-payment of certain loans availed by it from our Promoter
26 One of the Objects of the Fresh Issue is for investment of ` 500 million in our wholly owned subsidiary Advanced Enzymes USA, which shall in turn utilize these funds for repayment / pre-payment of certain loans availed by it from our Promoter,
For further details, please see the chapter titled ―Objects of the Offer‖ beginning on page 113 of this Draft Red Herring Prospectus
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