TARC Limited — QIP/Rights/Pref., 20-11-2024: Issue of Securities

TARC Limited has announced a board meeting to approve a private placement of new non-convertible debentures (NCDs) to raise up to ₹470 crore. The issuance will consist of approximately 47,000 NCDs, each with a face value of ₹1,00,000. The NCDs will have a tenure of five years and will be secured by a charge on the company's assets. The details regarding the date of allotment will be determined by the Board. The proceeds from this issuance are intended to strengthen the company’s capital structure and support its financial operations.