Hurry guys.....Tata Capital’s public issue of non-convertible debentures (NCDs) has received an oversubscription of about Rs 800 crore till Friday on the back of participation from high networth individuals (HNIs) and institutions. The issue that opened on February 2 closes on Tuesday.
According to a source familiar with the development, the company has received a subscription of Rs 2,300 crore till Friday.
“Nobody, including the bankers to the issue, expected such a good response,” said the source.
The company has so far received about 75,000 applications from retail investors against the limit of 100,000 applications. The participation of retail investors is expected to inch closer to the limit on the last two days of the issue.
The company is offering 12 per cent per annum for the annual and cumulative interest payment options.
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Small investors who subscribed to tata capital NCD issue for less than Rs 1,00,000/-will be fully allotted against application money.so everyone of u can relax and enjoy the high return with adequate safety in recent times.
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