TARC has received approval for raising funds from Banks/ NBFCs and / or fresh issuance of Non-Convertible Debentures (NCDs) on Private placement basis not exceeding Rs 750 crore to refinance the existing NCDs of the company. The Board of Directors of the company in their meeting held on June 15, 2024 has accorded in-principal approval for the same.
TARC is one of the largest real estate developers in India.