Tata Capital allots ₹1,550 crore Secured Redeemable NCDs via private placement
Tata Capital allotted ₹1,550 crore in secured redeemable non-convertible debentures (NCDs) through a private placement. The NCDs have varying tenors and coupon rates, with maturity dates in 2028 and 2030.
The fundraising of ₹1,550 crore is a substantial amount that will significantly impact Tata Capital's financial liquidity, debt structure, and ability to fund future business activities and expansion plans, thus having a high impact on its financial position.
The successful allotment of ₹1,550 crore in NCDs, backed by strong credit ratings (CRISIL AAA/Stable and ICRA AAA/Stable), indicates robust investor confidence and provides significant capital for the company's operations and growth, which is a positive financial development.
Tata Capital Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, totaling ₹1,550 crore. The allotment took place on November 14, 2025, comprising two series: * Series TCL Secured NCD ‘B’ FY 2025-26-VIS-M: * Number of Securities: 75,000 * Issue Size: ₹750 crore * Tenor: 1826 days from the Original Date of Allotment * Maturity Date: November 14, 2030 * Coupon Rate: 7.30% p.a. * Series TCL Secured NCD ‘C’ FY 2025-26-VIS-M: * Number of Securities: 80,000 * Issue Size: ₹800 crore * Tenor: 1096 days from the Original Date of Allotment * Maturity Date: November 14, 2028 * Coupon Rate: 7.12% p.a.
Both series of NCDs have a face value of ₹1,00,000/- per NCD and will be redeemed at face value. The NCDs are secured by a pari-passu charge on the Company’s moveable property, including receivables and book debts arising from secured/unsecured loans and investments, with a security cover equivalent to 1.00 time the aggregate outstanding value of debentures. In case of default in interest and/or principal payment, an additional interest of 2% p.a. over the coupon rate will be payable. The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE) and hold credit ratings of CRISIL AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited.
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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 high impact, which is the band that most often changes something.
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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.