Tata Capital Limited has announced the successful allotment of 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size amounts to ₹1,000 crore, with a coupon rate of 8.565% per annum. These NCDs have a tenor of 1188 days and are scheduled for redemption at face value on February 12, 2030. The issuance is secured by a pari-passu charge on the company’s movable property.
Tata Capital Completes Private Placement of NCDs
Tata Capital Limited has successfully completed a private placement issuance, allotting 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs). The announcement, dated November 12, 2026, confirms the private placement of these securities, a move designed to bolster the company’s capital base.
Key Details of the NCD Issuance
The total value of the issued NCDs amounts to Rs. 1,000 crore. Each debenture carries a coupon rate of 8.565% per annum. The securities are identified by the ISIN INE976107DI0. The original tenor of these NCDs is 1188 days from the Date of Allotment, with a redemption date set for February 12, 2030. The redemption amount is at face value, specified as Rs. 1,00,000/- per NCD.
Security and Interest Payment Schedule
The NCDs are secured by a pari-passu charge on the Company’s movable property, including receivables and book debts, ensuring that the security cover is equivalent to 1.00 time the aggregate outstanding value of debentures. Interest payments are scheduled annually, with the dates being February 12, 2027, February 14, 2028, February 12, 2029, and the final principal redemption along with the last interest payment on February 12, 2030. In the event of delay in payments, an additional interest of 2% p.a. over the coupon rate will be applicable.
Listing and Credit Rating
The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE). The credit rating for these securities is CRISIL AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited, indicating a high level of creditworthiness.
Source: BSE
