Loan & Debt12 May 2026, 04:20 pm
Tata Capital Allots ₹765 Cr NCDs via Private Placement
AI Summary
Tata Capital Limited has allotted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment, dated May 12, 2026, involves NCDs under Series TCFSL NCD "J" Series FY 2022-23 - Reissue No.5. A total of 7,650 securities were issued, amounting to ₹765 crore. These NCDs have a coupon rate of 8.00% (XIRR 7.88%) and are set to mature on October 19, 2027. The NCDs are secured by a pari-passu charge on the company's moveable property.
Key Highlights
- Tata Capital allotted NCDs worth ₹765 crore on May 12, 2026.
- The NCDs are secured, redeemable, and non-convertible, issued via private placement.
- The coupon rate is 8.00% (XIRR 7.88%) with a maturity date of October 19, 2027.
- The NCDs are secured by a pari-passu charge on the company's moveable property.
- CRISIL and ICRA have rated the NCDs as CRISIL AAA/Stable and [ICRA] AAA/Stable, respectively.
Price Impact
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