Tata Capital, a wholly-owned subsidiary of Tata Sons plan to raise funds through a public issue of secured non-convertible debentures (NCD`s) which starts today, Monday and would be open till Feb. 24, 2009.
The issue which would help the company to gauge in funds for various financing activities including lending and investing, repaying existing loans amongst others would offer an interest of 12% for annual and cumulative interest options. Meanwhile quarterly interest payments would attract an interest of 11.25% with an annual yield of 11.73%.
Draft Prospectus of the proposed public offering of Non Convertible Debentures by Tata Capital Ltd.
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