Begin typing your search...

Global automaker Tata Motors to raise up to Rs 500 crore via securities

image for illustrative purpose

Global automaker Tata Motors to raise up to Rs 500 crore via securities
X

14 Jun 2021 1:55 PM IST

Tata Motors on June 14 said its board has approved a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis.

A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing.

Part of the USD 113 billion Tata group, the company is India's largest automaker with operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.

Tata Motors Automaker NCDs Business 
Next Story
Share it