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i want to know details about this TATA CAPITAL LIMITED-SECURED NCD

Asked by vijay nathan, 10 Feb '09 03:00 pm
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Tata Capital, a wholly-owned subsidiary of Tata Sons, proposes to enter the capital markets on February 2, 2009 with a public issue of Secured Non-Convertible Debentures (NCDs) aggregating to Rs 500 crores, a company statement said.

The issue would also have an option to retain over-subscription of up to Rs 1,000 crores and has in this regard filed a prospectus with the Registrar of Companies, Maharashtra, the statement added.

The issue that opens tomorrow would close on February 24 or earlier or on such date as may be decided at the discretion of the Committee of Directors of Tata Capital subject to necessary approvals.

Tata Capital would offer 12 per cent interest for the annual and cumulative interest payment options and 11.25 per cent for those opting for quarterly interest payment which will have an annual yield of 11.73 per cent.

The tenure of all the NCDs would be of five years with varied put and call options and for each category of investors, over subscription ...more
Answered by Zahir Kachwalla, 10 Feb '09 03:11 pm

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