Tata Motors Limited has informed the Exchange regarding allotment of 50000 Non Convertible Debentures at its Board constituted Committee Meeting held on May 13, 2025
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Tata Motors has allotted 50,000 unsecured, redeemable NCDs worth ₹500 crore to banks via private placement. The issue is split into two tranches of ₹300 crore and ₹200 crore, with a face value of ₹1 lakh each issued at par. Allottees include Axis Bank, Yes Bank, and ICICI Bank. The NCDs carry a 7.08% annual coupon, have a 3-year tenor maturing in May 2028, and are rated CRISIL AA+/Stable. The NCDs will be listed on the NSE Wholesale Debt Market Segment.
This is a routine debt-raising exercise at a competitive rate given the AA+ credit rating, which diversifies funding sources and is unlikely to materially impact equity shareholders or the stock price.