Tata Capital invests in Vodafone Idea bond issue

Mumbai: Tata Capital pumped in about ₹500 crore into Vodafone Idea’s latest bond sale, people familiar with the ₹3,300-crore fundraising told ET, demonstrating increasing non-bank exposure to stressed but important companies that are otherwise struggling to raise funds from mainstream banks.

JM Financial Credit Solutions, Aditya Birla Capital and Hero Fincorp committed roughly ₹400 crore each, while Nomura Capital participated across both tranches through its NBFC and foreign investor route.