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VLCC Health Care files draft papers with Sebi to raise funds via IPO

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₹83.24 crore will be used to set up VLCC Wellness clinics in India and Gulf Cooperation Council (GCC) region, VLCC Institutes in India and refurbishment of certain existing VLCC Wellness clinics in India and GCC region. “We believe that the said investment will enable us to earn increasing revenues on a consolidated basis, progressively scale our business, compete effectively, increase our visibility and expand our existing consumer base," the company said in its its draft papers.

Repayment of debt worth ₹66 crore will be used from proceeds; ₹30.80 crore will be used for investment in brand development and ₹40 crore for investment in digital and information technology infrastructure.

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