Tata Capital is going on a $750-million foreign fund chase for the first time

Tata Capital Plans Maiden Overseas Fundraising of $750 Million for Diversification and Growth in FY25.

Expert Analysis:

• Debut Global Fundraising:

  • Tata Capital, for the first time, aims to raise $750 million through offshore bonds or loans in the upcoming fiscal year beginning in April.

• Diversifying Liabilities:

  • CFO's Focus: Rakesh Bhatia, CFO of the NBFC, diversification of the liability base as a strategic imperative.

• Overseas Roadshows:

  • Roadshows Begin: Tata Capital will initiate overseas roadshows by March's end, exploring dollar bonds amid heightened interest from global investors.

• Rebounding Fundraising:

  • A response to the recent rebound in fundraising via dollar-denominated bonds by Indian corporates, following a 14-year low in 2023.