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TCFSL NCD tranche issue opens today
Business

TCFSL NCD tranche issue opens today

Agency News

Kolkata, Aug 13 : Tata Capital Financial Services Limited (the “Company” or the “Issuer”), proposes to open today a Public Issue of Secured, Redeemable, Non-Convertible Debentures of Face Value of Rs. 1,000 each (“Secured NCDs”) up to Rs. 299,790 lakh and Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of Face Value of Rs. 1,000 each (“Unsecured NCDs”) up to Rs. 112,810 lakh, aggregating up to Rs. 412,600 lakh (“Tranche II Issue”).

The base issue size of Tranche II Issue is Rs. 50,000 lakh, with an option to retain oversubscription upto Rs. 362,600 lakh, aggregating upto Rs. 412,600 lakh (“Residual Shelf Limit”).

The Tranche II Issue is scheduled to close on August 23, 2019 with an option of early closure or extension as decided by the Board of Directors of the Company (“Board”) or the Working Committee of the Board, according to a release issued here.

Mr. Rajiv Sabharwal, MD and CEO, said, “Tata Capital Financial Services is well-diversified with assets across Retail, SME & Commercial Finance. It helps us to cater to a wide spectrum of customers. Our strong parentage, triple AAA ratings and commitment to transparency position us well in the industry. We continue to focus on our strategy of Synergy, Simplicity and using digital as a differentiator It allows us to meet the expectations of the ever evolving Indian customer. We look forward to being a significant contributor to the India growth story.” (UNI)