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Tata Housing Finance to raise Rs 2,000 crore via non-convertible debentures

The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore

Subrata Panda  |  Mumbai 

Housing demand fell 22% in H2 2019 amid slowdown in real estate market
The issue is scheduled to open on January 7 and is supposed to close on January 17 with an option of early closure.

Tata has said it will raise Rs 2,000 crore via public placement of (NCDs) with coupon rates ranging from 7.92 per cent to 8.70 per cent.

The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore.

The issue is scheduled to open on January 7 and is supposed to close on January 17 with an option of early closure.

At least 75 per cent of the net proceeds of the will be used for the purpose of onward lending, financing, and for repayment / prepayment of interest and principal of existing borrowings of the company.

First Published: Mon, January 06 2020. 22:03 IST
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