Ind-Ra withdraws Tata Capital debt ratings at issuer request

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TATACAP · price

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹324.50

prior close

₹324.50

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.3%+0.3% vs market

Non Banking Financial Company (NBFC) peers, median of 206sector+0.0%-0.1% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty 100 and 0.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-0.1

15m

-0.2

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.3+0.3+0.0-0.1

Next day

+1.4+0.3+1.1-0.2+1.6

+1.9+0.1+1.8-0.2+2.1

+0.6+0.7-0.2-0.5+1.1

+0.8+0.1+0.7-1.0+1.8

+0.9-0.5+1.3-0.4+1.2

+1.7-0.8+2.5-0.7+2.4

15d

+0.2+0.6-0.4-1.0+1.2

-1.2-0.1-1.1-4.3+3.1

+5.6+0.7+4.9-5.4+11.0

+4.5-3.0+7.4-14.1+18.5

UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 206Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

India Ratings withdrew ratings assigned to Tata Capital's INR 80 billion commercial paper, INR 10 billion bank loan facilities and unutilised INR 2.5 billion non-convertible debentures. Ind-Ra said it was no longer required to maintain the ratings after receiving the issuer's withdrawal request.

Likely market impact

This is a rating withdrawal, not a downgrade, and does not by itself indicate weaker credit quality or affect shareholders directly.