Tata Capital Limited has informed the Exchange regarding allotment of Non - Convertible Debentures
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Tata Capital Limited has allotted 2,95,000 Secured Redeemable NCDs (Series B FY 2026-27) on a private placement basis. The total issue size is Rs. 2,950 crore at a face value of Rs. 1 lakh per NCD. The initial coupon rate is 7.42% p.a., comprising a floating benchmark (3M T-Bill rate) plus a fixed spread of 210 bps. Interest is payable quarterly, with redemption due on February 21, 2029. The NCDs are secured by a pari-passu charge on the company's receivables and book debts with a 1.00x security cover. The NCDs are listed on NSE and carry top-tier ratings of CRISIL AAA/Stable and ICRA AAA/Stable.
The issuance is a standard private placement NCD by a well-rated NBFC, raising Rs. 2,950 crore in debt capital. The AAA ratings and secured nature make this a low-risk financing event with no immediate negative impact on equity holders.