Onix Solar Reports ₹60.17 Crore Rights Proceeds Used As Intended

Brickwork Ratings found no deviation in utilization of Onix Solar’s ₹60.17 crore rights issue proceeds: ₹58.60 crore was invested in NOPL Pace Green, ₹1.00 crore used for general corporate purposes and ₹0.19 crore for issue expenses. Context: resolves the initial proceeds-utilisation milestone.