Tata Capital plans to raise Rs 4,126 crore via NCDs

Tata Capital on Thursday announced that it plans to raise up to Rs 4,126 crore through a public issue of non-convertible debentures (NCDs) with a coupon rate of up to 8.85%. The issue is the second tranche and has the base issue size of Rs 500 crore with an option to retain over-subscription of up to Rs 3,626 crore, aggregating to Rs 4,126 crore.