Key Points
The board of Titan has approved raising up to Rs 2,500 crore through NCDs (non-convertible debentures) on a private placement basis...
"The Board of Directors reviewed and approved the proposal for raising of funds through issuance of rated, listed, redeemable, unsecured NCDs on private placement basis, for an amount up to Rs 2,500 crore," the company said in a filing...
A committee was authorised to take all actions in respect of finalisation of terms of issuance and allotment of NCDs.. Further, the Board has also approved a proposal for availing long-term borrowings in the form of long-term unsecured loans up to a limit of Rs 1,000 crore from banking institutions...
The gems and jewellery stock hit a record high of Rs 3351 in mid-September, but quickly pared gains and went under price correction...
In the jewellery segment, 19% revenue growth was led by 20% growth in the domestic business and lower primary outgo from India to the international entities (driven by periodic inventory realignment)...
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