Thursday, 23 February 2017

Tata Motors mulls raising Rs 500 cr via NCDs

Tata Motors today said its Board will meet next week to consider raising Rs 500 crore through private placement of non-convertible debentures (NCDs). "The company is desirous of offering the sixth series of its rated, listed, unsecured, redeemable, NCDs aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted Committee of the Board on March 2, 2017," Tata Motors Ltd said in a BSE filing.

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