Auto major, Tata Motors said that it is planning to raise Rs 3,000 crore in the next 12 months through non-convertible debentures (NCDs) or rupee denominated non-convertible foreign currency bonds on a private placement basis.
The company will seek approval of shareholders to raise the sum at its upcoming AGM to be held on August 9, the company informed in a filing to the Bombay Stock Exchange.
"In continuation of its efforts to strengthen its capital structure, the company intends to augment the resources through a mix of internal accruals and long term borrowings," Tata Motors said in a letter to its shareholders..
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The company will seek approval of shareholders to raise the sum at its upcoming AGM to be held on August 9, the company informed in a filing to the Bombay Stock Exchange. 
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