Tata Capital Allots ₹1000 Cr Secured NCDs

Tata Capital Limited has successfully allotted Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹1000 crore on a private placement basis. The allotment, dated July 07, 2026, involves 1,00,000 NCDs with a coupon rate of 8.15% p.a. and an XIRR of 7.7740% p.a. The debentures have a tenor of 1096 days and are redeemable at face value on June 11, 2029. The issuance is secured by a pari-passu charge on the company's movable property, including receivables and investments, with a security cover of 1.00 time the aggregate outstanding value. The NCDs are proposed to be listed on the National Stock Exchange (NSE) and carry a CRISIL AAA/Stable and [ICRA] AAA/Stable credit rating.