Tata Capital Allots ₹505 Cr Secured NCDs

Tata Capital Limited has allotted Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹505 crore on a private placement basis on May 12, 2026. The NCDs, identified as Series TCL Secured NCD "A" FY 2026-27-VIS-M (ISIN INE976I07DD1), have a coupon rate of 7.97% p.a. and a maturity date of May 12, 2031. The NCDs are secured by a pari-passu charge on the company's moveable property, including receivables and book debts, with a security cover equivalent to 1.00 time the outstanding debenture value. The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE) and are rated CRISIL AAA/Stable by CRISIL Ratings Limited and [ICRA] AAA/Stable by ICRA Limited.