Tata Capital NCD

Tata Capital has announced the issue of its NCD ( non-convertible debenture ) for raising Rs 500 crore.

The issue opens on February 2 and closes on February 24, 2009, and offers an interest rate of up to 12 per cent.

The minimum application amount is Rs 10,000 for the quarterly, annual and cumulative interest payment options and Rs 1 lakh for the monthly interest payment option.

The redemption date is five years from allotment with put and call options offered to investors at the expiry of 36 months and 42 months, depending on NCD payment options chosen.

Tata Capital is a wholly-owned subsidiary of Tata Sons Limited, the apex holding company of the Tata Group. It is registered with the Reserve Bank of India as a Systemically Important Non Deposit Taking Non Banking Financial Company undertaking fund and fee based activities in the financial sector.
visit www.tatacapital.com