WBL is rolling out a Rs 402-crore IPO comprising Rs 165 crore of fresh issue and an offer-for-sale in which one of the promoters is selling and the PE fund Tano India is offloading its entire 22% stake in WBL. From the IPO proceeds, Rs 50 crore is to be used for capex, Rs 48 crore for working capital and Rs 20 crore for debt repayment.
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