Tata Capital to raise Rs 20,000 crore as fresh debt, expand retail book

TataNeu helps company to onboard new customer

Tata Capital Financial Services — a subsidiary of Tata Capital — is planning to raise an additional debt of up to Rs 20,000 crore in the current financial year to bolster its retail book. The company is fast digitising its network and using the recently launched e-commerce initiative of the Tata group — TataNeu — to onboard new customers by giving new loans on the application.

The company’s debt as on March 31 this year was about Rs 48,300 crore and the company will raise additional debt by way of non-convertible debentures on a private placement basis, according to TCFL's