Announced Tue, 8 Sept · 17:07 IST
Board approves amendments to merger scheme with wholly owned unit ALTRR Software
TCC · price
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Price reaction · full curve 14 horizons · vs prior close
+13.1%1-day move
₹49.29
prior close
₹49.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-6.1-5.3-4.2-4.1+13.1+14.3+11.6+4.7+2.6-7.3————
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AI summary
The board of TCC Concept approved amendments to its merger scheme with wholly owned subsidiary ALTRR Software Services. Amendments cover splitting 1 share of Rs 10 into 5 shares of Rs 2 and changes to the objects clause of MOA. As ALTRR is fully owned by TCC, no new shares will be issued and shareholding pattern remains unchanged. ALTRR runs TryThat.ai, an AI real estate platform. FY26 turnover: ALTRR Rs 12.7 cr, TCC consolidated Rs 179.4 cr.
Likely market impact
Merger streamlines corporate structure with no dilution. Share split may improve liquidity. NCLT and other approvals still pending.