Tata Motors Ltd. has announced the approval of a ₹2,000 crore fundraise through the issuance of Non-Convertible Debentures (NCDs) in a board-constituted committee meeting held on March 19, 2025. The NCDs will be issued in three tranches, each carrying a fixed coupon rate of 7.65% per annum.
Key Details of the NCD Issuance:
- Total Issue Size: ₹2,000 crore
- Type: Rated, Listed, Unsecured, Fixed Coupon Redeemable NCDs
- Tranches:
- Tranche I: ₹500 crore (Maturity: March 2027)
- Tranche II: ₹700 crore (Maturity: March 2028)
- Tranche III: ₹800 crore (Maturity: March 2028)
- Stock Exchange Listing: Wholesale Debt Market Segment of NSE
- Coupon Rate: 7.65% per annum
- Payment Schedule: Annual interest payments with bullet principal repayment at maturity
Tata Motors, a leading automobile manufacturer, aims to use these funds to support its business operations and growth initiatives. The issuance follows the company’s recent financing strategies to strengthen its financial position.
This development is expected to be closely watched by investors, as the company’s credit rating remains stable at “CRISIL AA+/Stable,” signaling confidence in its financial outlook.
