Titan Company Ltd.

Titan Company has raised Rs 2500 crore through the allotment of 2,50,000 Rated, Listed, Unsecured, Redeemable, Senior, Non-Cumulative, Non-Convertible Debentures (NCDs) each having a face value of Rs 1,00,000, in two series i.e. Series 1 and Series 2 of Rs 1,250 crore each for a tenor of 18 months 2 days and 24 months, respectively, to identified investors on private placement basis. 

The NCDs have a fixed rate coupon of 7.75% and have been issued on the basis of multiple yield allotment method and the NCDs will be listed on the National Stock Exchange of India. The Debenture Committee of the company has on November 3, 2023, approved the allotment of the same. 

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.