Tata Motors plans to raise Rs 1,000 crore via NCD, Auto News, ET Auto

The NCD issuance is pursuant to the approval of the Board of Directors’ resolution passed at its meeting held on March 27, 2020, said Tata Motors.
The NCD issuance is pursuant to the acceptance of the Board of Directors’ resolution passed at its assembly held on March 27, 2020, said Tata Motors.

New Delhi: House-grown automobile giant Tata Motors is preparing to raise Rs 1,000 crore Non-Convertible Debentures (NCDs), the company informed the inventory exchanges on April 28.

Tata Motors said in an intimation to inventory exchange that a assembly of the board of administrators is scheduled to be held on April 5th to contemplate boosting of funds by way of issuance of stated, secured/unsecured, redeemable non-convertible debentures on personal placement basis on a few tranches/sequence.

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