Feb 8, 2009

TATA capital NCDs

TATA Sons promoted company TATA Capital came out with a public issue of

"SECURED NON-CONVERTIBLE DEBENTURES"

Interest Rate (called coupon rate)

11% for monthly option. (Min investment Rs 1,00,000/-)

11.25% for quarterly option.

12% for annual and cumulative option.
Minimum Investment Rs 10,000/- and in multibles of Rs 1,000/-
( face value Rs 1,000/-)
Advantages:
No TDS on interest payment.

Term 5 years ( option to redeem after 3 years)

will be traded in the NSE.


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