Tata Capital Allots ₹765 Crore NCDs; CRISIL, ICRA Assign AAA Rating
Tata Capital Limited has allotted NCDs worth ₹765 crore on May 12, 2026. The securities are Secured Redeemable Non-Convertible Debentures with a coupon rate of 8.00% and a maturity date of October 19, 2027. The issue is rated CRISIL AAA/Stable and ICRA AAA/Stable.
The allotment of NCDs worth ₹765 crore is a material event for the company's capital structure and funding, hence the medium impact.
The announcement is a routine debt fundraising activity and does not contain any significant positive or negative news for the company.
Tata Capital Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis today, May 12, 2026. The total issue size amounts to ₹765 crore.
The allotted securities are Series TCFSL NCD "J" Series FY 2022-23 - Reissue No.5, totaling 7,650 NCDs, each with a face value of ₹10,00,000. These NCDs carry a coupon rate of 8.00% (XIRR 7.88%) and have a tenor of 1826 days from the original allotment date, with a residual tenor of 525 days from the deemed date of allotment. The maturity or redemption date is set for October 19, 2027.
The NCDs will be secured by a pari-passu charge on the company's movable property, including receivables and book debts. In case of default in interest 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).
The issue has received a credit rating of AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited.
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.