Tata Capital Allots 70,300 NCDs Worth ₹703 Crore

Tata Capital Limited has announced the allotment of 70,300 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size amounts to ₹703 crore. These NCDs have a coupon rate of 8.51% per annum and a tenor of 729 days, with a maturity date of November 10, 2028. The allotment, which occurred on November 12, 2026, is secured by a pari-passu charge on the company's movable property, including receivables and investments. The NCDs carry a CRISIL AAA/Stable and [ICRA] AAA/Stable credit rating. In case of default, an additional interest of 2% per annum will be payable.