Tata Capital to Raise ₹36,000 Cr via NCDs

Tata Capital Limited's Board of Directors has approved a proposal to raise up to ₹36,000 crore through the issuance of Non-Convertible Debentures (NCDs). These NCDs can be secured, unsecured, subordinated, perpetual, market-linked, or green bonds. The fundraising will be conducted on a private placement basis in one or more tranches, subject to shareholder approval. The specific terms, including interest rate and tenor, will be detailed in subsequent offer documents. This move aims to bolster the company's capital base for future growth and operations.