Tata Capital Allots Rs 2030 Crore in Secured NCDs via Private Placement
Tata Capital Limited has successfully allotted Secured Redeemable Non-Convertible Debentures (NCDs) worth Rs 2030 crore through a private placement. The allotment, which occurred on June 11, 2026, pertains to the TCL Secured NCD "C" series and includes specific details regarding the tenure, coupon rate, and security structure of the issue.The debentures are defined as secured, redeemable, non-convertible instruments. A total of 2,03,000 such securities were allotted under this private placement initiative. The NCDs have a maturity date set for June 11, 2029, with the original tenor specified at 1096 days from the date of allotment.
The core financial details of the transaction are summarized below:
| Particulars | Details |
|---|---|
| Securities Type | Secured, Redeemable, Non-Convertible Debentures |
| Issue Type | Private Placement |
| Number of Securities Allotted | 2,03,000 |
| Issue Size | Rs. 2030 crore |
| ISIN | INE976I07DF6 |
| Coupon Rate | 8.15% p.a. |
| XIRR | 7.9589% p.a. |
| Date of Allotment | June 11, 2026 |
| Maturity Date | June 11, 2029 |
Security and Repayment Structure
The NCDs are secured by a pari-passu charge created over the Company’s moveable property. This security includes receivables and book debts arising from both secured and unsecured loans given by Tata Capital Limited, as well as investments. The security cover for the debentures is specified to be equivalent to 1.00 time the aggregate outstanding value of the debentures.Repayment terms include a Bullet Payment structure, meaning redemption will occur at maturity on June 11, 2029, and the repayment amount is set at face value, which is Rs. 1,00,000 per NCD. Interest payments are scheduled for three specific dates: June 11, 2027; June 12, 2028; and June 11, 2029.
Credit Ratings and Default Provision
The issuance carries crucial credit ratings from recognized agencies. The debentures hold a CRISIL rating of AAA/Stable by CRISIL Ratings Limited and an ICRA rating of AAA/Stable by ICRA Limited.A provision for default is included in the instrument. In the event of a default, including delay in the payment of interest or principal redemption on the due dates, the Company will be obligated to pay additional interest amounting to 2% p.a. over the coupon rate for the defaulting period. The instruments also state that there are no special rights or interests attached to the securities.
TATACAP Stock Price Movement
Today, shares of Tata Capital Limited edged higher after the market close, gaining 0.19% and settling near the ₹321.90 mark. The equity saw a total trading volume of 1.22 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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