Tata Capital has announced that its board has approved a proposal to raise up to ₹36,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, according to a regulatory filing. The fundraise will be undertaken in one or more tranches, subject to approval from shareholders.
The proposed issuance may include a mix of secured and unsecured NCDs, subordinated debt, perpetual debt instruments, market-linked redeemable debentures, and green bonds, providing the company flexibility in structuring its debt profile.
In its filing, the company stated that the board has approved the “raising of funds by way of issuance of NCDs in the nature of secured/unsecured/subordinated/perpetual debt/market-linked redeemable debentures/green bonds up to an amount of ₹36,000 crore, on a private placement basis, in one or more tranches, subject to the approval of shareholders.”
Following shareholder approval, the issuance will be carried out based on terms such as interest rate, tenure, and security structure, as outlined in the relevant offer documents and information memorandums issued from time to time.
The move is aimed at strengthening Tata Capital’s funding base and supporting its ongoing lending and business expansion activities. The inclusion of green bonds also highlights the company’s continued focus on sustainable finance instruments alongside traditional debt funding avenues.
