Real Estate Corporation TARC Raises Rs 1,330 Crore to Repay Loans
TARC Ltd, a real estate corporation, has obtained Rs 1,330 crore through the issuance of non-convertible debentures to repay the company's full debt. TARC Ltd, formerly Anant Raj Global Ltd, announced in a regulatory filing that it had "successfully raised Rs 1,330 crores through the issuing of secured Non-Convertible Debentures." The cash was utilized to pay off the company's total debt. "As a result, all outstanding loans of the corporation have been paid off as of April 29, 2022," according to the statement. TARC Ltd sold a warehouse asset in North Delhi to global investment firm Blackstone for Rs 295 crore in September last year.
Tags : Real Estate Corporation TARC Repay Loans TARC Ltd a real estate corporation