Tata Motors to raise upto Rs.1000 crore

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.

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).