GoalTeller

Issuer : Tata Cleantech Capital Limited

Scheme Info as on 18 July 2022

TCCL is a joint venture between TCL and IFC. Tata Capital Limited (TCL) and International Finance Corporation (IFC) have 80.5% and 19.5% shareholding, respectively rated CRISIL AAA . The company offers a wide range of financial solutions and advisory services to businesses and enterprises operating in the areas of renewable energy, energy efficiency, and water management.

The terms of Investment may be elucidated such that these are structured as Market linked debentures having minimum investment of Rs 10 lakhs. The issuance quantum is Rs. 75 cr + Rs. 125 cr. The yield (as on 18th July 2022) is 7.135% XIRR. The tenor is 23 months. The bonds was issued from 12th July 2022.

Tata Cleantech Capital Limited is a recommendation by GoalTeller because of its strong parentage (Tata Capital Limited - 80.5% and IFC -19.5%). Also the Company is rated AAA by CRISIL (an S&P Global company). Since the company has a diverse base of lenders, it has the ability to mobilize debt at competitive costs.

These bonds are suitable for investors looking for high returns with calculated risk. Investors with goals up to two years should consider this a good investment. This is a very attractive option for individuals in higher tax slabs.

The taxation aspect also makes it very attractive because investors investing for less than a year are taxed as per usual slab rates whereas if held for a year or more the tax rate would only be 10%.