Friday, 24 March 2017

Tata Motors to raise up to Rs 500 crore via NCDs

Tata Motors will raise up to Rs 500 crore via the issuance of non-convertible debentures (NCDs) on a private placement basis, said the media reports. "A meeting of the duly authorized committee was held today approving offering for subscription on a private placement basis, up to 5,000 rated, listed, unsecured, 7.84 percent coupon, redeemable, non-convertible debentures aggregating up to Rs 500 crore," Tata Motors said in a BSE filing.

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