Tata Capital to raise Rs 300 crore from debentures

Tata Capital Financial Services today said it proposes to raise Rs 300 crore from debentures to fund its growth

PTI| Last Updated: Mar 26, 2016, 19:29 PM IST
Tata Capital to raise Rs 300 crore from debentures

New Delhi: Tata Capital Financial Services today said it proposes to raise Rs 300 crore from debentures to fund its growth.

The board has given approval to the company for issuing unsecured, non-convertible, perpetual debentures of up to Rs 300 crore on a private placement basis, Tata Capital Financial Services said in a regulatory filing to the stock exchanges.

The fund may be raised in one or more tranches, it added.