Tata Motors to raise upto Rs.1000 crore
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Today news is Tata Motors to raise upto Rs 1,000 crore.
The offering for subscription, on a private placement basis, upto 10,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures E29-A Series of face value Rs 10,00,000 each, at par, aggregating upto Rs 1000 crore comprising three tranches.
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Detail issued as The Committee of Board of Directors of Tata Motors at its meeting held on 05 May 2020 has approved the offer for subscription, on a private placement basis, upto 10,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) E29-A Series of face value Rs 10,00,000/- each, at par, aggregating upto Rs 1000 crore comprising three tranches, of Rs 500 crore, Rs 300 crore and Rs 200 crore (Tranche I, Tranche II and Tranche III).