Tata Chemicals to issue ₹1,500 crore in unsecured NCDs

Tata Chemicals announced on December 10, 2025, the finalization of terms for issuing Non-Convertible Debentures (NCDs) totaling ₹1,500 crore, following a decision by its internal committee. The issuance will comprise 150,000 NCDs, each with a face value of ₹1,00,000. These NCDs are designated as listed, unsecured, rated, redeemable, taxable, and non-cumulative, intended for private placement to eligible investors.

The NCDs are slated for listing on the Debt Segment of the National Stock Exchange of India Limited (NSE). The deemed date of allotment is December 17, 2025, with a maturity period of 2 years and 364 days from this date, featuring bullet maturity. Interest payments will be annual, with the final coupon payable on the redemption date.

The offering will feature fixed-rate coupon basis price bidding on the Electronic Bidding Platform (EBP) of the NSE, allowing for uniform or multiple yield allotment. The NCDs have received credit ratings of "CARE AA+/Stable" by CARE Ratings Limited and "CRISIL AA+/Stable" by CRISIL Ratings Limited.