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TARC Limited ( (IN:TARC) ) has provided an announcement.
TARC Limited’s Board of Directors has approved the issuance of a new series of non-convertible debentures (NCDs) on a private placement basis, with a total principal amount of up to Rs. 409 Crore. This move includes modifications to the terms of the NCDs previously approved in November 2024, and also involves changes to the terms for the premature full redemption of existing NCDs, pending necessary approvals. This strategic financial decision is likely aimed at optimizing the company’s capital structure and could impact its financial flexibility and market positioning.
More about TARC Limited
YTD Price Performance: -41.69%
Average Trading Volume: 60,133
Current Market Cap: 32.12B INR
Learn more about TARC stock on TipRanks’ Stock Analysis page.