Tata Capital Financial Services Limited, a Mumbai based financial services company of Tata Group, is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 3,626 crore through the tranche-2 issue. Tata Capital NCD 2019 opens for investment on 13th August 2019 and closes on 23rd August 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 8.65% on investment.
About Tata Capital Financial Services Limited
Tata Capital Financial Services Limited (TCFSL) was incorporated at Mumbai, Maharashtra in the year 2010, It is a Systemically Important Non-Deposit taking Non-Banking Financial Company (ND-SI-NBFC) which focuses on providing financial services to the various segments. Its portfolio of financial products is categorized into two cotgories – corpotrate finance and consumer.
Under corporate finance category, it offers vanilla term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance etc. Under consumer finance category, it offers a wide range of consumer loans such as car and two wheeler loans, commercial vehicle loans, tractor loans, business loans, loans against property, personal loans, consumer durable loans and loans against securities. The company has also launched Tata cards, which are white label credit cards that enable customers to earn and redeem points across Tata group partners and offer convenient payment options in the form of EMIs.
It is a wholly owned subsidiary of TCL, a Tata Group company. It operates the business through a network of 134 offices across 23 states of the country.
Tata Capital NCD 2019 – Issue Details
| Issue Type | Secured Non-Convertible Debentures (NCDs) |
|---|---|
| Issuer Company | Tata Capital Financial Services Limited |
| Issue Opens | 13th August 2019 |
| Issue Closes | 23rd August 2019 |
| Coupon Rate (ROI) | Up to 8.65% |
| Face Value | Rs 1,000 |
| Issue Price | Rs 1,000 |
| Minimum Order Quantity | 10 NCD (Rs 10,000) |
| Issue Size | Up to Rs 3,626 Crores |
| Listing | BSE and NSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
| Rating |
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| Lead Managers |
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| Registrar | Karvy Fintech Private Limited |
| Company Contact Details |
11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013. Website: www.tatacapital.com |
Issue Prospectus
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Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #Investment #Debentures #NCD #Tata Capital
