TARC has received approval from board of directors to raise up to 16000 secured, redeemable non-convertible debentures (NCDs) bearing face value of Rs 10,00,000 each at par aggregating to Rs 1600 crore, in one or more tranches. Date of maturity is up to 5 years from the date of allotment. The board of directors of the company at its meeting held on March 10, 2022 has approved the same.
TARC is one of the largest real estate developers in India.