Incorporated in 2010, Tata Capital Financial Services Limited (TCFSL) is a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC). The company provides a range of financial products to corporates and consumers-
Corporate Finance- Term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance and structured products.
Consumer finance- Car and two-wheeler loans, commercial vehicle loans, tractor loans, business loans, loans against property, personal loans, consumer durable loans and loans against securities.
The company is a wholly owned subsidiary of TCL, the financial services arm of the Tata group.
The total income and PAT of the Company stood at ₹ 455,537 lakh and ₹ 48,258 lakh respectively for 2018. The income from operations registered a CAGR of 13.11% in Fiscal 2018 and PAT a CAGR of 29.40%. The loan and advances outstanding of the Company grew by 14.01% from ₹ 2,185,108 lakh in Fiscal 2014 to ₹ 3,691,324 lakh in Fiscal 2018.
The company operates an extensive a network of 134 offices spanning across 23 states.
|Issue Open||Sep 10, 2018 - Sep 18, 2018|
|Security Name||Tata Capital Financial Services Limited|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)|
|Issue Size (Base)||Rs 7,500.00 Crores|
|Issue Size (Shelf)||Rs [.] Crores|
|Issue Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 NCD|
|Market Lot||1 NCD|
|Listing At||BSE, NSE|
|Basis of Allotment|
|High Net Worth Individual Investors Portion|
|Retail Individual Investors Portion|
The company is promoted by Tata Capital Limited (TCL). TCL has interests in the following entities that are engaged in businesses similar to TCFSL and this may result in potential conflicts of interest with TCFSL.
i) Tata Capital Housing Finance Limited; and
ii) Tata Cleantech Capital Limited
The Objects Of The Issue are-
1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of TCFSL
2. General Corporate Purposes
This issue is rated CRISIL/AAA-Stable by CRISIL and CARE/AAA-Stable by CARE. The ratings of the NCDs indicate the highest degree of safety regarding timely servicing of financial obligations.
The company offers coupon rates ranging from 8.7% - 9.10% depending on the tenures and the mode of interest payments is yearly.
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