Loan & Debt7 Jul 2026, 05:20 pm
Tata Capital Allots ₹2750 Cr Secured NCDs
AI Summary
Tata Capital Limited has successfully allotted Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹2750 crore on a private placement basis. The allotment, which took place on July 07, 2026, involves 2,75,000 NCDs with a coupon rate of 7.88% per annum and a tenor of 1826 days. The NCDs are secured by a pari-passu charge on the company's movable property, including receivables and book debts. The credit rating for these NCDs is AAA/Stable from CRISIL and ICRA. The maturity date for these debentures is July 07, 2031. This issuance is a significant debt financing activity for Tata Capital.
Key Highlights
- Tata Capital allotted ₹2750 crore in Secured NCDs.
- NCDs issued via private placement with a 7.88% coupon rate.
- Secured by a charge on receivables and book debts.
- Credit ratings are AAA/Stable from CRISIL and ICRA.
- Maturity date set for July 07, 2031.
Price Impact
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