"Tata Capital, a wholly owned subsidiary of Tata Sons has floated its public issue of Non Convertible Debentures (NCD). The size of the issue, alongwith oversubscription, is 1500 crores and has a tenor of 5 years. Allotment would be made on a first-come-first-served basis.
Tata Capital is a Non-Deposit taking Non Banking Financial Company (NBFC). It encompasses several areas of operations like Personal/Auto Loans, SME/Infrastructure Finance, Wealth Management, Investment Banking, Private Equity and Treasury Advisory. This enables it to get fund and fee based income.
Attractive Interest Rates : 11% for the monthly option, 11.25% for the quarterly option and 12% for the annual or cumulative option.
Tata Capital is a Non-Deposit taking Non Banking Financial Company (NBFC). It encompasses several areas of operations like Personal/Auto Loans, SME/Infrastructure Finance, Wealth Management, Investment Banking, Private Equity and Treasury Advisory. This enables it to get fund and fee based income.
Attractive Interest Rates : 11% for the monthly option, 11.25% for the quarterly option and 12% for the annual or cumulative option.
Views-
The interest rate looks attractive compared to Bank FDs. When interest rates are decreasing, investors looking for a relatively secure return of 12% p.a. can look at this option. Issue closes on 24 Feb 2009.
Online subscription option available in ICICIdirect.India infoline to come up with an online application facility shortly.
2 comments:
EC...this is very usefull blog..will keep track of it from now..Keep up the work!!
Great blog, with so many useful links! Keep it up. It seems the current economic conditions are not only challenging, but also world wide, its amazing how connected the world is on an economic level.
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