Tata Motors Limited has informed the Exchange regarding the outcome of Board constituted Committee Meeting held on May 02, 2025.
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Tata Motors Limited's Board Committee, at its meeting on May 2, 2025, approved the issuance of Rated, Listed, Unsecured, Fixed Coupon Redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹500 crore. The issue will be split into two tranches — Tranche I of up to ₹300 crore and Tranche II of up to ₹200 crore — each with a face value of ₹1,00,000 per NCD. The NCDs will carry a fixed coupon of 7.08% per annum with annual interest payments and bullet repayment at maturity over roughly 3 years (maturing around May 11-12, 2028). The NCDs will be issued via private placement to eligible investors and proposed to be listed on the Wholesale Debt Market Segment of the NSE. The instruments carry a credit rating of CRISIL AA+/Stable.
This is a debt-raising move of up to ₹500 crore through unsecured NCDs at a competitive 7.08% coupon and strong AA+ rating, which modestly expands the company's debt but provides additional funding flexibility. For equity shareholders, the impact is limited as this is non-dilutive borrowing and the size is small relative to Tata Motors' overall capital structure.