The Board of Directors of TARC Limited has approved a payment of ₹1000 crore for the redemption of Non-Convertible Debentures (NCDs) in one or more tranches, in line with the applicable provisions of the Information Memorandum. The decision was made in a board meeting held on September 27, 2024.
Key Highlights:
- Redemption of NCDs: The approved payment will be made in one or more tranches for the redemption of NCDs, as per the guidelines outlined in the Information Memorandum.
- Board Meeting Date: The decision was made during the meeting held on September 27, 2024.
Despite the significant financial move, TARC Limited’s shares were trading 1.05% lower at ₹251.00 on the NSE as of 2:20 PM.
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