NTC industries has entered into Debenture Subscription agreement with Creando Associates (Creando) on September 15, 2023, to subscribe debentures of up to Rs 14.04 crore in such tranches to be agreed between the Parties by way of subscription to the Optionally Convertible Debenture of Rs 1 lakh each at Face Value (OCD) subject to achievement of milestone as per the agreed business plan.
The funds are proposed to be utilised by the Creando towards distribution, marketing & advertisement of Cigarettes business as per the business plan submitted by it which will be required over a period of 15 months.
NTC is a prominent name among cigarettes manufacturers in India. With a wide range of brands, ntc has a presence in various segment of the market.
Company Name | CMP |
---|---|
ITC | 439.95 |
Godfrey Phillips | 3318.25 |
VST Industries | 4125.00 |
The Indian Wood Pro. | 31.23 |
Golden Tobacco | 47.73 |
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