Tarc has informed regarding approval of the Board of Directors of TARC (the Company) for issue of secured, unlisted, redeemable, Non-Convertible Debentures on private placement basis and in compliance of Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has informed that the Board of Directors of the Company in their meeting held on today, Thursday, October 5, 2023, approved the allotment of 1910 (One Thousand Nine Hundred Ten) Debentures of face value of Rs 10,00,000 (Rupees Ten Lakh) each aggregating to Rs 191,00,00,000 (Rupees One Hundred Ninety-One Crore) on private placement basis to India Opportunities Fund SSA - Scheme I. The meeting of the Board of Directors was commenced at 12:30 Hrs and concluded at 12:45 Hrs.
The above information is a part of company’s filings submitted to BSE.
