Tata Capital Housing Finance To Raise Rs 650 Crore Via Rights Issue

Tata Capital's Subsidiary Approves Rights Issue of ₹650.02 Crore

Tata Capital Housing Finance Ltd (TCHFL), a wholly owned subsidiary of Tata Capital, has approved the issuance of equity shares on a rights basis to its parent company for an aggregate amount of ₹650.02 crore.

Key Points:

• The board of directors of Tata Capital Housing Finance has approved the issuance of equity shares of ₹10 each to Tata Capital.
• The rights issue will be undertaken in one or more tranches.
• Tata Capital received intimation regarding the approval from Tata Capital Housing Finance on Wednesday.

Tata Capital said the rights issue will be a significant step in strengthening its financial position and supporting its growth plans.

Background:

Tata Capital is a leading non-banking financial company that provides a range of financial services to individuals and businesses.

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