Titan Intech Ltd., which is into Embedded Manufacturing Services (EMS) for Original Equipment Manufacturers & Original Design Manufacturers (OEM/ODM) and working around advanced embedded systems, has announced plans to raise ₹200 crore through Non-Convertible Debentures (NCDs).
The funding, to be secured via public and/or private placements, will enable the company to accelerate its strategic initiatives in high-growth sectors, subject to necessary regulatory approvals, the company said in a statement.
The company is advancing the field of high-resolution display systems with proprietary solutions in LCD, SMD LED, and flip-chip Mini-LED displays.
These technologies cater to education, railways, defence, virtual production and entertainment and automotive applications, the company said.
Sunil Ghanate, Wholetime Director, Titan Intech said “We are redefining how technology empowers industries and communities. From immersive display systems to IoT-enabled energy solutions and weather monitoring innovations, our focus is on delivering transformative outcomes.”
“The planned NCD issuance will solidify our financial base, enabling us to scale projects that shape the future of technology-driven solutions,” he added.
Published – December 02, 2024 10:34 pm IST
