Tata Capital Financial Services Ltd to issue debentures

A meeting of the Board of Directors of Tata Capital Financial Services Ltd will be held on March 30, 2015, to consider the following proposals to issue, by way of a private placement.

The Board will consider issue of Unsecured, Redeemable, Non-Convertible Debentures qualifying as Subordinated Debt (Tier II) up to Rs. 500 crore, Unsecured, Non-Convertible Perpetual Debentures up to Rs.300 crore and Unsecured, Redeemable, Non-Convertible Debentures up to Rs. 500 crore.

Source : Equity Bulls

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