Tata Capital Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company raised ₹703 crore through the issuance of 70,300 NCDs, each with a face value of ₹1,00,000. The debentures carry a coupon rate of 8.51% per annum and have a maturity date of November 10, 2028. The issuance is secured by a pari-passu charge on the company’s moveable property, including receivables and book debts.
Tata Capital Limited Secures Funding via NCD Allotment
Tata Capital Limited has successfully completed the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. This issuance, dated November 12, 2026, marks a significant capital raising event for the company, bringing in a total of ₹703 crore.
Key Details of the NCD Issue
A total of 70,300 NCDs were allotted under the series ‘TCL Secured NCD G FY 2026-27-VIS-M’. Each debenture has a face value of ₹1,00,000. The securities are classified as Secured, Redeemable, and Non-Convertible Debentures. The coupon rate offered on these NCDs is 8.51% per annum.
Maturity and Redemption
The allotted NCDs have a tenor of 729 days from the date of allotment, with the maturity or redemption date set for November 10, 2028. The redemption amount will be at face value per NCD. Interest payment dates are scheduled for November 12, 2027, and November 10, 2028.
Security and Credit Rating
The NCDs are secured by a pari-passu charge on the Company’s Moveable Property, encompassing receivables and book debts arising from secured/unsecured loans and investments. This security cover is equivalent to 1.00 time the aggregate outstanding value of debentures. The NCDs have received strong credit ratings, with CRISIL AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited.
Additional Information
In the event of default or delay in payment of interest or principal, an additional interest of 2% per annum over the coupon rate will be payable by the Company for the defaulting period. The securities are proposed to be listed on the National Stock Exchange of India Limited (NSE).
Source: BSE
