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  Business   Companies  24 Mar 2017  Tata Motors to raise up to Rs 500 crore via NCDs

Tata Motors to raise up to Rs 500 crore via NCDs

PTI
Published : Mar 24, 2017, 11:38 am IST
Updated : Mar 24, 2017, 11:38 am IST

Shares of Tata Motors were trading 0.23 per cent higher at Rs 472.90 on BSE.

Tata Motors logo.
 Tata Motors logo.

New Delhi: Tata Motors will raise up to Rs 500 crore via issuance of non-convertible debentures (NCDs) on a private placement basis.

"A meeting of duly authorised committee was held today approving offering for subscription on a private placement basis, up to 5,000 rated, listed, unsecured, 7.84 per cent coupon, redeemable, non-convertible debentures aggregating up to Rs 500 crore," Tata Motors said in a BSE filing.

 

Shares of Tata Motors were trading 0.23 per cent higher at Rs 472.90 on BSE.

Tags: tata motors, ncd
Location: India, Delhi, New Delhi