India's Tata Sons plans to raise at least 3 bln rupees via bonds

Last Updated: Thu, Apr 25, 2013 11:51 hrs

MUMBAI, April 25 (Reuters) - Tata Sons, the holding company of India's Tata Group, plans to raise at least 3 billion rupees ($55.17 million) via two separate bond deals, a source with direct knowledge of the matter said on Thursday.

The firm will issue 5-year and 10-year bonds at 8.85 percent, the source said.

ICICI Securities Primary Dealership is the arranger to the deal. ($1 = 54.3762 Indian rupees) (Reporting by Archana Narayanan; Editing by Jijo Jacob)

More from Sify: