TARC Limited — QIP/Rights/Pref., 18-03-2025: Issue of Securities

TARC Limited has announced a board meeting to issue up to ₹409 crore in non-convertible debentures (NCDs) through private placement. The NCDs will have a face value of ₹1,00,000 each, with potential allotment and maturity set for five years from the date of issuance. The proceeds are intended to support various corporate objectives, with securities being secured against company assets. The NCDs will be listed on BSE Limited, but specific terms of coupon payments will be governed by the finance documents.