GP Petroleums to raise ₹130 crore from RevX fund for expansion

GP Petroleums announced plans to raise up to ₹130 crore from RevX Special Credit Opportunities Fund II. The financing, approved by the board, includes ₹30 crore of non-convertible debentures and ₹100 crore of optionally convertible debentures. The funds will be used for business expansion and working capital requirements.