Announced Tue, 7 Jul · 16:56 IST
Tata Capital allots 1000 crore NCDs at 8.15 percent via private placement
Fund Raising View source PDF
TATACAP · price
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Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹350.55
prior close
₹350.00
base price
After-mkt
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AI summary
Tata Capital has allotted 100,000 secured redeemable non-convertible debentures worth Rs 1,000 crore on a private placement basis. The NCDs carry a coupon of 8.15 percent per annum (XIRR 7.7740 percent), have a tenor of 1,096 days (about 3 years), and mature on June 11, 2029. They are rated AAA/Stable by both CRISIL and ICRA and will be listed on NSE. The NCDs are secured by a pari-passu charge on the company's receivables and book debts.
Likely market impact
Raises 1000 crore of debt funding for lending growth. No equity dilution as these are debt instruments. Top credit rating supports low borrowing cost.