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Lancor Holdings Limited ( (IN:LANCORHOL) ) has issued an update.
Lancor Holdings Limited has announced the approval of issuing Non-Convertible Debentures (NCDs) worth Rs. 15 Crores through a private placement. These secured debentures, with a face value of Rs. 1,00,000 each, will offer a 16.5% annual interest rate, compounded monthly and payable quarterly, with a maturity date tentatively set for October 31, 2027. This move is part of Lancor’s strategic financial planning, potentially enhancing its capital structure and providing liquidity for future projects, thereby impacting its market positioning and stakeholder interests.
More about Lancor Holdings Limited
Average Trading Volume: 23,587
Technical Sentiment Signal: Sell
Current Market Cap: 1.69B INR
For a thorough assessment of LANCORHOL stock, go to TipRanks’ Stock Analysis page.