Tata Capital Financial Services has informed that at the meeting of the Board of Directors of the Company held on March 30, 2015, the directors have approved of the Company issuing, by way of a private placement, the Non-Convertible Debentures, in one or more tranches / series Unsecured, Redeemable, Non-Convertible Debentures qualifying as Subordinated Debt (Tier II) up to Rs 500 crore, Unsecured, Non-Convertible Perpetual Debentures up to Rs 300 crore, and Unsecured, Redeemable, Non-Convertible Debentures up to Rs 500 crore.
The above information is a part of company’s filings submitted to BSE.