|
| Exchange Disseminated Time | Tata Capital Financial Services Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on September 16, 2013, inter-alia, to consider the following proposals:
1. Revalidation of Resolution passed for issuance of Secured, Redeemable, Non - Convertible Debentures up to Rs. 6,000 crore on a private placement basis as approved at the Board Meeting held on March 25, 2013.
The above is being proposed in view of the Guidelines issued by the Reserve Bank of India on "Raising Money through Private Placement by NBFCs - Debentures etc." which, inter-alia, stipulates that the offer document for private placement of Non-Convertible Debentures should be issued within a maximum period of 6 months from the date of the Board Resolution authorizing the issue.
2. Issue of Unsecured, Redeemable, Non-Convertible Bonds in the nature of Debentures qualifying as Subordinated Debt (Tier II) upto an amount not exceeding Rs. 500 crore, on a private placement basis. |
|
|