TARC zooms on completing sale of warehousing asset in North Delhi

06 Sep 2021 Evaluate

TARC is currently trading at Rs. 40.60, up by 0.90 points or 2.27% from its previous closing of Rs. 39.70 on the BSE.

The scrip opened at Rs. 39.05 and has touched a high and low of Rs. 41.65 and Rs. 37.75 respectively. So far 168380 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 2 has touched a 52 week high of Rs. 50.80 on 15-Jul-2021 and a 52 week low of Rs. 19.00 on 18-Dec-2020.

Last one week high and low of the scrip stood at Rs. 41.65 and Rs. 36.00 respectively. The current market cap of the company is Rs. 1209.89 crore.

The promoters holding in the company stood at 65.57%, while Institutions and Non-Institutions held 5.78% and 28.65% respectively.

TARC has successfully completed the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte, an affiliate of funds controlled, managed and/or advised by Blackstone lnc, (BREP) for a total consideration of Rs 295 crore, in a move which is aligned to TARC'S strategy of maintaining focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi. This is in line with making TARC a debt free company, develop its huge land bank as well as look for new developments in the National Capital Region.

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

TARC Share Price

177.40 -7.00 (-3.80%)
20-Dec-2024 16:59 View Price Chart
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