Tata Capital Preference Shares
I come to know that Tata Capital preferential shares issue is coming shortly. I have not invested in any preferential shares before but it is being presented similar to tax free bonds.
They are promising 7.5% dividend which would be tax free up to Rs 10 lakhs and after 7 years they would return my principal money.
I am new to this I want to understand if any one sees any catch here. Can this be true? What are the risks that I would not get my principal back?