Tata Capital board approves raising ₹36,000 crore via NCDs
Tata Capital's board approved raising up to ₹36,000 crore via NCDs on a private placement basis on June 17, 2026. The issuance, subject to shareholder approval, includes secured, unsecured, and perpetual debt instruments.

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Tata Capital has received board approval to raise up to ₹36,000 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The board meeting, held on June 17, 2026, concluded with the approval of this significant fundraising proposal aimed at meeting the capital requirements of the financial services firm. The issuance is planned in one or more tranches, subject to shareholder approval.
Fund Raise via NCDs
The board deliberated and approved the issuance of NCDs to raise funds through the private placement route. The proposal is in accordance with Regulations 29(1)(d) and 50(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table summarises the key parameters of the approved fundraising plan:
| Parameter: | Details |
|---|---|
| Instrument Type: | Non-Convertible Debentures (NCDs) |
| Placement Type: | Private Placement |
| Maximum Fundraise Amount: | ₹36,000 crore |
| Tranches: | One or more tranches |
| Meeting Date: | June 17, 2026 |
The approved amount of up to ₹36,000 crore marks a substantial capital mobilisation initiative for the company. Further details regarding the specific tenor and coupon rate of the NCDs are subject to disclosure upon completion of the shareholder approval process.
Historical Stock Returns for Tata Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.18% | +14.14% | +21.08% | +13.05% | +10.98% | +10.98% |
What specific capital requirements or expansion plans is Tata Capital targeting with this ₹36,000 crore fundraise?
How will the issuance of NCDs impact Tata Capital's debt-to-equity ratio and overall financial health?
What are the expected coupon rates for the NCDs given current market conditions and the company's credit rating?

































