TARC Ltd, a real estate developer, has paid Rs66.36 crore for NCDs. Bain Capital, USA, invested Rs1,330 crore via NCDs in one of the biggest deals in North India earlier this year.
The cash was provided for the real estate market’s growth and development.
TARC Limited has built a solid financial profile over the past year by generating excess cash through new sales bookings, the sale of non-core assets, and the collection of government debt.
The company subsequently used the capital for project development and balance sheet strengthening.
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