Lancor Holdings Approves Rs. 15 Crore Debenture Issue

Lancor Holdings Limited ( (IN:LANCORHOL) ) has shared an update.

Lancor Holdings Limited, a company involved in real estate development, has announced the approval of issuing Non-Convertible Debentures (NCDs) worth Rs. 15 Crores through private placement. This strategic financial move aims to strengthen the company’s capital structure, with the debentures offering a 16.5% annual interest rate, payable quarterly, and maturing in October 2027. The issuance is expected to enhance the company’s financial flexibility and potentially improve its market positioning.

More about Lancor Holdings Limited

Average Trading Volume: 23,587

Technical Sentiment Signal: Sell

Current Market Cap: 1.69B INR

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