Tata Capital Allots Rs 2750 Crore in Secured NCDs via Private Placement
Tata Capital Limited has successfully allotted Secured Redeemable NonConvertible Debentures (NCDs) worth Rs 2750 crore through a private placement. The issuance, which took place on July 07, 2026, is part of the company's debt financing structure.The NCD tranche, titled TCL Secured NCD "D" FY 2026-27-VIS-M, details the terms and conditions under which the securities were issued.
Key financial and security details of the allotment are as follows:
| Particular | Details |
|---|---|
| Issue Size | Rs. 2750 crore |
| Number of Securities Allotted | 2,75,000 |
| Coupon Rate / XIRR | 7.88% p.a. / 7.8613% |
| Date of Allotment | July 07, 2026 |
| Maturity Date | July 07, 2031 |
| Redemption Amount | At face value (Rs. 1,00,000/- per NCD) |
The debentures are secured by a pari-passu charge created over the Company's Moveable Property. This security covers receivables and book debts arising from both secured and unsecured loans given by Tata Capital, along with investments. The security cover is stipulated to be equivalent to 1.00 time the aggregate outstanding value of the debentures.
The NCDs carry a fixed coupon rate of 7.88% per annum, with scheduled interest payment dates spanning from July 2027 through July 2031. The maturity structure utilizes Bullet Payment, meaning redemption is planned entirely at maturity.
In terms of creditworthiness and risk profile, the NCDs have received high ratings. Both CRISIL Ratings Limited and ICRA Limited assigned a AAA/Stable rating to the instruments.
The offer document also specifies default provisions. In the event of any delay or default in the payment of interest or principal on the due dates, an additional interest rate of 2% per annum over the coupon rate will be payable by Tata Capital for the defaulting period.
TATACAP Stock Price Movement
Tata Capital Limited shares closed higher today, rallying by 0.11% to settle at ₹352.60 in post-market trading. The stock saw solid volume, with over 1.12 million shares transacting 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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