Tata Capital Financial Services

The boards of TCFSL and TCCL have also accorded their approval

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday

Tata Capital Financial Services made a profit of Rs 678 crore in FY21, as compared to Rs 114 crore in FY20

Tata Capital's book size increased from Rs 77,110 crore as at March 31, 2019 to Rs 77,610 crore as at March 31, 2020, on a consolidated basis

This is a maiden retail bond issue from the company. The base size of the issue is of Rs 500 crore with an option to retain an oversubscription up to Rs 1,500 crore

The Tatas are in discussions with a clutch of PE funds to gauge their interest and may offer anything between 10 and 15 per cent in Tata Capital Financial Services

TCFSL's net interest margins (NIMs) declined to 4.62% in FY19

Total assets of financial services subsidiary cross Rs 110,000 crore

Fundraising to be one of the largest by an NBFC outside India in past 3 yrs

The money raised will be primarily used for lending to businesses

Say no RBI, Sebi rule violated by giving loans to Siva group