Tata Capital Allots ₹1250 Crore NCDs with 7.95% Coupon Rate
Tata Capital Limited has allotted ₹1250 crore worth of Secured Redeemable Non-Convertible Debentures (NCDs) on February 10, 2026. The NCDs carry a coupon rate of 7.95% p.a. and mature on February 8, 2028. They are rated AAA by CRISIL and ICRA.
The issuance of NCDs worth ₹1250 crore is a material event for a financial services company like Tata Capital, impacting its capital structure and funding.
The announcement is a routine debt fundraising activity and does not contain any significant positive or negative news for the company.
Tata Capital Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment, which took place on February 10, 2026, involved 12,500 NCDs with a total issue size of ₹1250 crore.
These NCDs are secured and redeemable, carrying a coupon rate of 7.95% per annum. The original tenor is 1826 days from the original date of allotment, with a residual tenor of 728 days from the deemed date of allotment. The redemption date for these NCDs is February 8, 2028. Interest will be paid on February 8, 2027, and February 8, 2028.
The NCDs are secured by a pari-passu charge on the company's movable property, including receivables and book debts. They have received a credit rating of CRISIL AAA/Stable from CRISIL Ratings Limited and [ICRA] AAA/Stable from ICRA Limited. The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE). In case of default, an additional interest of 2% per annum over the coupon rate will be payable.
What to do with a filing like this
Tata Capital Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tata Capital Limited. Read the original for the full detail.