Tata Capital Allots Rs. 505 Crore in NCDs Through Private Placement
Tata Capital Limited has announced the allotment of Secured, Redeemable, Non-Convertible Debentures (NCDs) totaling Rs. 505 crore via a private placement. The allotment of the NCDs took place on May 12, 2026, under the series TCL Secured NCD "A" FY 2026-27-VIS-M.The private placement involved the issuance of 50,500 debentures. The instrument carries a coupon rate of 7.97% per annum. The NCDs are secured and have a defined maturity structure, with the proposed redemption date set for May 12, 2031.
Key details regarding the NCD allotment are summarized below:
| Particulars | Details |
|---|---|
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Issue Size | Rs. 505 crore |
| Number of Securities Issued | 50,500 |
| Coupon Rate | 7.97% p.a. |
| ISIN | INE976I07DD1 |
| Maturity Date | May 12, 2031 |
| Redemption Amount | At face value, Rs. 1,00,000/- per NCD |
The debentures are secured by a pari-passu charge created on the Company's Moveable Property, specifically receivables and book debts arising out of secured/unsecured loans given by the Company, and investments. This security cover is equivalent to 1.00 time the aggregate outstanding value of the debentures.
The repayment schedule includes annual interest payment dates spanning May 12, 2027, May 12, 2028, May 14, 2029, and May 13, 2030, concluding with the redemption date on May 12, 2031.
The NCDs are proposed to be listed on the National Stock Exchange of India Limited (NSE). The Company also disclosed its current credit rating: CRISIL AAA/Stable by CRISIL Ratings Limited and ICRA AAA/Stable by ICRA Limited. The redemption method for the debentures is structured as a Bullet Payment (Redemption at Maturity).
TATACAP Stock Price Movement
Tata Capital Limited shares today slipped by 1.64% to settle at ₹309.45. The stock traded within a range of ₹308 to ₹316.95, supported by a total volume of 1.06 million shares.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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