MoneyWorks4Me

TARC spurts on raising Rs 1330 crore via NCDs

04 May 2022 Evaluate

TARC is currently trading at Rs. 41.75, up by 1.15 points or 2.83% from its previous closing of Rs. 40.60 on the BSE.

The scrip opened at Rs. 41.05 and has touched a high and low of Rs. 43.55 and Rs. 41.05 respectively. So far 259606 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 60.60 on 12-Jan-2022 and a 52 week low of Rs. 25.55 on 17-May-2021.

Last one week high and low of the scrip stood at Rs. 43.55 and Rs. 37.70 respectively. The current market cap of the company is Rs. 1223.17 crore.

The promoters holding in the company stood at 65.57%, while Institutions and Non-Institutions held 4.63% and 29.80% respectively.

TARC has successfully raised Rs 1330 crore by way of issuance of Secured Non- Convertible Debentures (NCDs). The funds have been used to retire the entire loans of the company. Accordingly, all existing loans of the company stand paid off as at April 29, 2022.

TARC is one of the largest real estate developers in India.

 

 

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
View more..