6.70% Tata Capital Limited - AAA Rated (INE976I08391)

Tata Capital Limited, a Investment Company company, has floated Debenture, having ISIN value as INE976I08391, with a face value of ₹10,00,000 rs on 22Feb22 to raise 300 crores. The debt instrument is issued with a coupon rate of 6.70% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 6.70% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES TCFSL NCD B SERIES FY 2021-22. DATE OF MATURITY 28/03/2025. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 23Feb22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 21Feb22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.