Titan Intech Gets In-Principle Nod for Term-Loan Facility of Up to INR1.25 Billion; Shares Down 5%

MT Newswires Live12-17

Technology company Titan Intech (BOM:521005) has received in-principle approval from IDBI Bank (NSE:IDBI, BOM:500116) for a term-loan facility of up to 1.25 billion Indian rupees, according to a BSE filing on Wednesday.

The funds raised will be used for its proposed integrated electronic manufacturing project.

The company's shares were down nearly 5% in recent trade.

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