Tata Motors to raise up to Rs 500 crore via NCDs

"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

By: PTI | New Delhi | Published: March 24, 2017 11:32 am
 Tata motors. (File Photo)

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.

For all the latest News Briefs News, download Indian Express App

    Live Cricket Scores & Results