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Vijay Kedia backed TAC Security files IPO papers with SEBI, to list with NSE Emerge
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Also Read: TAC Security raises Pre-Series ‘A’ funding from Vijay Kedia The IPO consists of a fresh issue of 28,29,600 equity shares, each having a face value of ₹10.The company intends to use the net proceeds from the IPO to acquire TAC Security Inc., based in Delaware, USA, and turn it into a wholly owned subsidiary. To strengthen its skills in product creation, it also intends to make investments in human resources and product development.
The remainder of the funds will be used for general corporate purposes. "Exciting news! Mint is now on WhatsApp Channels
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