Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) is trading at $11.70, about ₹1,123 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.09% today. Indian residents can buy Nuveen Churchill Direct Lending from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$11.61
Today's high
$11.72
52 week low
$11.59
52 week high
$15.07
NCDL opened at $11.70, closed previously at $11.71, and has traded between $11.59 and $15.07 over the past 52 weeks.
About
Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.
Key statistics
Avg. volume
194.64K
Market cap
$577.83M
P/E Ratio
12.28
Price-to-sales ratio
4.17
Enterprise value
$1.66B
Free cash flow yield
19.57%
Debt-to-equity ratio
1.28
Return on equity
5.40%
ROIC
3.18%
Beta
0.62
Dividend yield
14.36%
Last dividend
$1.68
Financial overview
Revenue
$201.84M
Earnings per share
$1.30
Free cash flow
$194.16M
Net profit margin
33.85%
Gross margin
58.26%
EBITDA
$143.66M
Revenue growth
8.52%
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This is not an investment recommendation
How to buy Nuveen Churchill Direct Lending from India
Indian residents can buy Nuveen Churchill Direct Lending shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Nuveen Churchill Direct Lending and place an order
Find Nuveen Churchill Direct Lending by name or by its ticker, NCDL, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Nuveen Churchill Direct Lending trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nuveen Churchill Direct Lending position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Nuveen Churchill Direct Lending from India
Trading and taxes when buying Nuveen Churchill Direct Lending from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Nuveen Churchill Direct Lending’s current yield is 14.36%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Nuveen Churchill Direct Lending stock?
Yes. Nuveen Churchill Direct Lending (NCDL) has been listed on the New York Stock Exchange since 2024, in the Asset Management industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Nuveen Churchill Direct Lending share cost in rupees?
One Nuveen Churchill Direct Lending share is $11.70 — about ₹1,123 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the Nuveen Churchill Direct Lending price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Nuveen Churchill Direct Lending from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Nuveen Churchill Direct Lending?
Yes. One Nuveen Churchill Direct Lending share is $11.70, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Nuveen Churchill Direct Lending.
How are gains on Nuveen Churchill Direct Lending shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Nuveen Churchill Direct Lending price. Paasa issues a capital-gains statement for your return.
Does Nuveen Churchill Direct Lending pay a dividend, and how is it taxed in India?
Yes. Nuveen Churchill Direct Lending pays a dividend and the current yield is 14.36%; the last declared dividend was $1.68 per share, about ₹161.31. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Nuveen Churchill Direct Lending from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Nuveen Churchill Direct Lending shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Nuveen Churchill Direct Lending shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Nuveen Churchill Direct Lending holding, its cost and its closing value.
How do I sell Nuveen Churchill Direct Lending and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.