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Talwalkars Better Value Fitness is looking to raise up to ₹125 crore through issue of non-convertible debentures (NCDs) to fund its expansion plans. “In order to enhance long-term resources for financing the capital expenditure and for general corporate purposes, the company may offer subscription for NCDs up to ₹125 crore, in one or more series/ tranches, on private placement basis...during 2016-17,” Talwalkars said in a postal ballot notice to its shareholders. The stock of Talwalkars closed 0.5 per cent higher at ₹200.10 on the BSE.
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