With reference to Regulations 50(2) and (3) of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Capital Financial Services has informed that a meeting of the Board of Directors of the company will be held on March 25, 2019, to consider the proposals for: Issue of Secured, Redeemable, Non-Convertible Debentures up to an amount not exceeding Rs 10,000 crore, on a private placement basis, in one or more tranches; Issue of Unsecured, Non-Convertible Bonds in the nature of Perpetual Debentures Qualifying as Tier I Capital up to Rs. 500 crore, on a private placement basis, in one or more tranches; and Issue of Unsecured Redeemable Non-Convertible Bonds in the nature of Debentures qualifying as Subordinated Debt up to Rs 1,000 crore, on a private placement basis, in one or more tranches.
The above information is a part of company’s filings submitted to BSE.