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TAC Security Secures INR 8.55 Cr From Anchor Investors Ahead Of IPO

Inc42 · 1y

Cybersecurity startup TAC Security, also known as TAC Infosec, has raised INR 8.55 crore through an anchor book issue ahead of its upcoming initial public offering (IPO). The IPO consists of a fresh issue of 28,29,600 equity shares and is expected to raise about INR 29.9 crore at the upper end of the price band. TAC Security plans to use the funds for human resources and product development, as well as expanding its US-based entity. The IPO is open for subscription from March 27 to April 2.