Tata Capital — NCD offer: Invest

Tata Capital expects to raise a minimum amount of Rs 500 crore under this offer, with the option of retaining an additional Rs 1,000 crore. The issue is already open (was launched on February 02, 2009) and closes on February 24. However, the issue may be closed earlier if the company manages to raise the maximum amount. Proceeds from this issue will be used for activities such as financing, investments, growth of the operations and to partly retire high-cost funds raised earlier.The issue will be in de-materialised mode and listed in the NSE corporate bond market. NCD holders can even trade in these debentures in the secondary market;

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