Tata Capital Allots ₹343 Crore NCDs with CRISIL AAA/Stable Rating
Tata Capital allotted ₹343 crore in Secured Redeemable Non-Convertible Debentures via private placement. The NCDs carry coupon rates of 7.66% and 7.6596%, with maturity in February 2034. They hold CRISIL AAA/Stable and [ICRA] AAA/Stable ratings.
The allotment of NCDs of ₹343 crore is a significant financial transaction that impacts the company's capital structure and funding, hence considered medium impact.
The announcement is a routine debt fundraising activity and does not inherently present 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 total issue size amounts to ₹343 crore.
The NCDs are of Series TCL SECURED A FY 2023-24 VIS-M-Reissue No.2, with 34,300 securities allotted. The issue includes portions with coupon rates of 7.66% XIRR for ₹235 crore and 7.6596% XIRR for ₹108 crore. The allotment date was March 04, 2026.
The tenor of the NCDs is 3653 days from the original allotment date, with a residual tenor of 2898 days from the deemed date of allotment. The redemption date is February 08, 2034. The NCDs are secured by a pari-passu charge on the company’s movable property, including receivables and book debts. The credit ratings for these NCDs are CRISIL AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited. The debentures are proposed to be listed on the National Stock Exchange of India Limited (NSE).
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.