www.tata.com/company/releases/inside.aspx?artid=cOaOMjv -
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Published on: 2/25/2009
Last Visited: 5/22/2009
Based on the good response that the NCD issue has generated, we feel such bonds will become an instrument of choice for investors and other corporates leading to the development of a strong corporate bond market," said Praveen P Kadle, managing director, Tata Capital Limited.
"The issue proceeds are proposed to be used for the company's various financing activities including lending and investments, business operations including its capital expenditure and working capital requirements and to repay existing loans," added Mr. Kadle.