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Funding and debt● Neutral for GP Petroleums
GP Petroleums to raise ₹130 crore from RevX fund to finance expansion
The brief
- GP Petroleums will raise ₹130 crore from RevX fund to finance expansion
- The board-approved funding includes ₹30 crore in 36-month NCDs and ₹100 crore in optionally convertible debentures
- Expansion funding and potential dilution affect GP Petroleums shareholders
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