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Tata Capital to raise Rs2k cr via debentures

Tata Capital to raise Rs2k cr via debentures
PTI
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First Published: Fri, Feb 26 2010. 05 14 PM IST
Updated: Fri, Feb 26 2010. 05 14 PM IST
Mumbai: Non-banking financial firm Tata Capital on Friday said it will raise Rs2,000 crore through issue of debentures on private placement basis.
The board of directors has approved issuing secured redeemable non-convertible debentures (NCDs) totalling Rs 2,000 crore on private placement basis in tranches, Tata Capital said in a filing to the Bombay Stock Exchange.
The meeting of the board of directors was held on 1 February, the filing added.
Pursuant to the above approval, the company would be issuing NCDs on a private placement basis over the next year.
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First Published: Fri, Feb 26 2010. 05 14 PM IST