TATA MOTORS LTD. - Outcome of Board Meeting

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18 Jan 2016
Tata Motors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 18, 2016 have considered and approved:-<BR><BR>1. the appointment of Mr. Guenter Butschek as the Chief Executive Officer and Managing Director of the Company for a period of 5 years and he is expected to join by February 15, 2016. Mr. Butshek is not related to any of the Directors of the Company<BR><BR>2. the buy-back of Unsecured Non-Convertible Debentures (NCDs), as part of its Debt restructuring programme to ensure balanced maturity profile and / or better terms that would include lower cost of debt as follows:-<BR><BR>(i) NCDs aggregating Rs. 200 crores (2,000 NCDs of face value of Rs. 10 lakhs each) due to mature on November 30, 2018; and <BR><BR>(ii) NCDs aggregating Rs. 250 crores (2,500 NCDs of face value of Rs. 10 lakhs each) due to mature on May 28, 2019.
View all announcements for TATA MOTORS LTD.	Source: BSE India

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