Tata Capital Allots ₹505 Crore in Secured NCDs with 7.97% Coupon
Tata Capital Limited allotted ₹505 crore in Secured Redeemable Non-Convertible Debentures on May 12, 2026. The NCDs carry a coupon rate of 7.97% p.a. and mature on May 12, 2031. They are secured by company assets and rated CRISIL AAA/Stable and [ICRA] AAA/Stable.
The issuance of ₹505 crore in NCDs represents a significant debt raising, which can impact the company's capital structure and financial leverage.
The announcement pertains to a routine debt fundraising activity and does not contain any particularly 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 issuance comprises 50,500 NCDs with a face value of ₹1,00,000 each, totaling an issue size of ₹505 crore.
The NCDs, Series TCL Secured NCD "A" FY 2026-27-VIS-M, carry a coupon rate of 7.97% per annum and have a tenor of 1826 days from the original date of allotment. The maturity or redemption date is scheduled for May 12, 2031, with interest payments due annually on May 12th for most years, and May 13th in 2030. The NCDs are secured by a pari-passu charge on the company's movable property, including receivables and book debts. They have been assigned a credit rating of CRISIL AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited. The company has indicated that in case of default in payment of interest or principal, an additional interest of 2% per annum will be payable for the defaulting period.
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.