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Tata Cap to raise ₹28,000 crore via debt to fund growth in FY24
Mint Mumbai
|August 10, 2023
Tata Capital plans to raise ₹28,000 crore ($3.38 billion) mainly through debt instruments and bank lines in the current financial year to fund its double-digit credit growth, a top executive at the non-banking finance company (NBFC) said.
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"We try to remain granular and well-spread out on our liabilities whether it is bank funding, NCDs (non-convertible debentures), external commercial borrowing or public debt issue," Rajiv Sabharwal, managing director and CEO, told Reuters in an interview.
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