Blue Star MD B Thiagarajan On Funds Utilisation, Rising Debt And B2B Business Growth Ahead

Blue Star's Managing Director, B Thiagarajan, on BTTV's "Market Today" show, sheds light on the company's growth strategies. Blue Star successfully secured Rs 1,000 crore through a Qualified Institutional Placement (QIP). Thiagarajan emphasized the prudent allocation of these funds towards capital expenditures and bolstering operational aspects. However, a notable concern is the company's rising debt, which has surged by 21% YoY. During the discussion, Thiagarajan addressed these challenges while also highlighting the promising growth prospects in the B2B (business-to-business) sector.