Tata Capital Board Approves Rs 20,000 Crore NCD Fundraising Plan

16 Feb 2024 CW Team

In a strategic move to fortify its core lending operations, Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited, announced the green light for a fundraising endeavor amounting to Rs 20,000 crore through non-convertible debentures (NCDs). This financial injection, distinct from the previously announced Rs 8,000 crore fundraising plan of its home finance arm, Tata Capital Housing Finance, aims to bolster TCL's lending activities.

The NCDs will be issued through private placement, pending approval from Tata Sons, with the flexibility for TCL to raise funds in multiple tranches. This development places Tata Capital among prominent bond issuers in India, joining the ranks of HDFC Bank, Piramal Housing Finance, and Reliance, who have executed sizable fundraising ventures in recent years.

With the financial services sector witnessing an upsurge, Tata Sons demonstrated its commitment by injecting Rs 1,000 crore into TCL during the first half of the current fiscal year (FY24). This investment follows earlier infusions totaling Rs 4,000 crore over the preceding years, affirming Tata Group's dedication to nurturing its financial services arm.

Earlier this year, Tata Capital Financial Services and Tata Cleantech Capital were amalgamated into Tata Capital, effective January 1, 2024, marking a consolidation of the group's financial services entities. This restructuring contributed to a robust growth trajectory, with TCL's lending book expanding by 25 per cent, reaching Rs 1,34,762 crore as of September 30, 2023.

Looking ahead, Tata Group plans to list Tata Capital Financial Services, aligning with the Reserve Bank of India's (RBI's) directive to list upper-layer Non-Banking Financial Companies (NBFCs) within three years. This strategic move underscores Tata Group's commitment to transparency and regulatory compliance in the financial sector.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..