7th-Jan-2012 15:43Source: BSE

TATACAP II - Outcome of Board Meeting

Tata Capital Ltd has informed BSE that in connection with the listed Secured Redeemable Non-Convertible Debentures aggregating Rs. 1,500 crore issued by the Company to the public ("NCDs") pursuant to the Prospectus dated January 21, 2009 and the Debenture Trust Deed dated February 12, 2009, the Directors, at their Meeting held on January 06, 2012, approved of the variation/modification of the terms and conditions of the NCDs in relation to the coupon rate and terms of the Call Option available to the Company, subject to the approval of the NCD holders and further subject to such approvals, sanctions, consents and/or permissions of the Stock Exchanges, Debenture Trustees and/or such other appropriate authorities, as may be required.