Tikona Communication Approves ₹99 Crore NCDs For Tikona Infinet Stake Purchase

Board approved Rs 99.19cr secured unlisted NCDs to TIPL sellers for 62.01% stake: Rs 86.8cr 36-mo at 1% plus Rs 12.39cr 12-mo at 6% plus Rs 3 lakh cash; deferred equity/warrants raise. Funds transformative acquisition far larger than own base; low-coupon long NCDs secured by parent assets pending shareholder nod; equity deferral leaves dilution overhang. NCDs issued otherwise than for cash; parent-asset security to be perfected; close hinges on conditions and RPT nod; debt servicing on stretched balance sheet and deferred equity remain key risks.