Tata Capital Ltd Allots Rs 1000 Crore in Secured NCDs via Private Placement
Tata Capital Ltd has announced the private placement of Secured Redeemable NonConvertible Debentures (NCDs), amounting to an issue size of Rs 1000 crore. The allotment took place on July 07, 2026.The debentures, identified as TCL Secured NCD "C" FY 2026-27-VIS-M-Reissue No.1, were allotted in a private placement structure. A total of 1,00,000 such securities were issued for the issue size of Rs 1000 crore. The debentures carry a Coupon Rate of 8.15% p.a., with an XIRR of 7.7740% p.a.
The NCDs have an original tenor of 1096 days, leaving a residual tenor of 1070 days from the deemed date of allotment. The maturity and redemption date for these securities is set as June 11, 2029. Redemption will be done via Bullet Payment at Maturity, where the repayment amount is at face value (Rs.1,00,000/- per NCD).
The issuance structure includes specific terms regarding security and interest payments. The debentures are secured by the creation of a pari-passu charge on the Company's Moveable Property, specifically encompassing receivables and book debts arising from both secured and unsecured loans given by the company or investments. This security cover is stated to be equivalent to 1.00 times the aggregate outstanding value of the debentures.
Key financial details and ratings for the NCD issuance are provided below:
| Feature | Detail |
|---|---|
| Issue Type | Private Placement |
| Total Issue Size | Rs 1000 crore |
| Coupon Rate | 8.15% p.a. |
| Maturity Date | June 11, 2029 |
| Credit Ratings | CRISIL AAA/Stable (CRISIL Ratings Limited) and AAA/Stable (ICRA Limited) |
| Security | Pari-passu charge on Moveable Property |
The payment schedule details indicate that the interest dates are scheduled for June 11, 2027, June 12, 2028, and June 11, 2029, with the final principal redemption set for June 11, 2029. The terms also stipulate that in the event of any default or delay in the payment of interest and/or principal redemption on the due dates, additional interest equivalent to 2% p.a. above the coupon rate will be payable by the company for the defaulting period.
TATACAP Stock Price Movement
Today, Tata Capital Limited shares gained slightly, settling at ₹352.60 after closing up 0.11%. The equity saw a trading volume of 1.12 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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