6 stories mentioning BOM:544574Updated 25d ago
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Tata Capital Ltd. (NSE:TATACAP, BOM:544574) has priced $400 million of senior notes with a fixed coupon of 5.332% under its $2 billion medium-term note program.The notes will be issued on July 21, 2026 and will mature on Jan. 21, 2030. Proceeds will be used for onward lending and other activities in line with external commercial borrowing regulations.
Tata Capital (NSE:TATACAP, BOM:544574) plans to acquire an approximately 88.6% stake in RBI-registered NBFC Yogakshemam Loans for a pre-money equity valuation of up to 3.18 billion Indian rupees.The all-cash transaction includes a primary capital infusion of about 930 million rupees, with Tata Capital acquiring shares from existing shareholders and investing fresh capital in Yogloans, according to a Monday filing on Indian stock exchanges. The deal is subject to regulatory approvals and other closing conditions.The acquisition will mark Tata Capital's entry into the gold loan segment. Yogloans operates 162 branches across Kerala, Karnataka, Tamil Nadu and Andhra Pradesh, with about 32,000 gold loan customers.
Tata Capital (NSE:TATACAP, BOM:544574) has an average rating of buy and mean price target of 391.45 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
JSW Group's real estate arm, JSW Realty, is in advanced discussions to raise a five-year loan worth 16 billion Indian rupees from Tata Capital (NSE:TATACAP, BOM:544574), Bloomberg reported Tuesday, citing people familiar with the matter.The proposed financing is reportedly intended to support development of an office project near Bandra business district of Mumbai.The loan could be priced in the 9% to 11% range, compared with the current five-year government bond yield of 6.47%, the report noted. The discussions are ongoing and the transaction has not been finalized, it added.JSW Realty and Tata Capital did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Tata Capital (NSE:TATACAP, BOM:544574) said Chief Risk Officer Nitin Dharma has resigned to pursue other personal and professional interests, according to a Wednesday filing on Indian bourses.He will cease to hold the position of chief risk officer on June 30 and remain with the company until Sept. 7 to support the transition process, the filing said.The company has appointed Kamal Bhatia as chief risk officer for a two-year term effective July 1. Bhatia currently serves as senior vice president and chief credit officer for SME Finance at the company, the filing said.
Tata Capital's (NSE:TATACAP, BOM:544574) consolidated attributable profit rose to 15.0 billion Indian rupees from 10.5 billion rupees a year ago.The non-banking finance company's earnings per share came in at 3.54 rupees from 2.67 rupees a year earlier, according to a Thursday filing to the Indian bourses.Revenue from operations in fiscal Q4 increased to 81.6 billion rupees from 74.8 billion rupees a year ago.The company's board recommended a final dividend of 0.57 rupees per equity Share of face value of 10 rupees each, for the financial year ended March 31.
