Tata Capital seeks shareholder nod to raise up to Rs 7,000 cr via NCDs
TATACAP · price
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On the reaction day the stock moved 1.7 pts less than Nifty 100 and 2.4 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.
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Tata Capital is seeking shareholder approval via postal ballot to issue Non-Convertible Debentures on private placement basis up to Rs 7,000 crore, in one or more tranches. This is interim authorization from July 30, 2026 till the next AGM to bridge a gap before a larger Rs 29,000 crore approval is sought at the AGM. Debentures can be secured/unsecured/subordinated/perpetual or green bonds. Total borrowing limit stands at Rs 2,80,500 crore. E-voting runs July 1 to July 30, 2026.
Routine fundraising step for an NBFC. No equity dilution. Coupon rates and pricing will depend on market conditions at the time of each tranche.