Is Tata Capital Ltd.’s Non Convertible Debentures-is a good avenue to invest to gain Quarterly Interest Rate? ?

Is Tata Capital Ltd.’s Non Convertible Debentures-is a good avenue to invest to gain Quarterly Interest Rate, as it is very lucrative with the commitment from Tata Sons Ltd.?Will my investment i.e. Principal be safe in debentures w.r.t. Quarterly In come Certificate or Mutual fund’s MIP/ FMP’s?
Can debentures be used as Security to take Loan/ Overdraft?