Tata Capital Housing Finance Ltd. plans to issue up to 20 billion Indian rupees of redeemable nonconvertible debentures.
The offering has a base size of 5 billion rupees, with an option to retain oversubscription of up to 15 billion rupees.
The offering opens Jan. 7 and closes Jan. 17.
Edelweiss Financial Services Ltd. and A.K. Capital Services Ltd. are the lead managers for the issuance.
As of Dec. 30, US$1 was equivalent to 71.31 Indian rupees.