Tata Motors to Raise Rs 2,000 Cr via NCDs - Latest News
Tata Motors has approved a proposal to raise up to Rs 2,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis. Get the latest news on Tata Motors.
New Delhi, Mar 19 (PTI) Tata Motors on Wednesday said its board has approved a proposal to raise up to Rs 2,000 crore by issuing securities on a private placement basis.
The committee constituted by the board has approved the issuance of non-convertible debentures (NCDs), aggregating up to Rs 2,000 crore, the auto major said in a regulatory filing.
The Mumbai-based company did not elaborate on the reasons for the fundraising.
Shares of the company on Wednesday ended 0.31 per cent up at Rs 681.90 apiece on BSE.
The committee constituted by the board has approved the issuance of non-convertible debentures (NCDs), aggregating up to Rs 2,000 crore, the auto major said in a regulatory filing.
The Mumbai-based company did not elaborate on the reasons for the fundraising.
Shares of the company on Wednesday ended 0.31 per cent up at Rs 681.90 apiece on BSE.
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