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@ EconomicTimes

Tata Motors' approved nod to raise Rs 500 crore

Through non-convertible debentures issuance, Tata Motors has given its approval for raising Rs500 crore on Wednesday. The Committee has approved allotment of 5000 rated of face value Rs 10 lakh each. It noted that the fundraising will be Rs 250 crore each, on a private placement basis. Tata Motors shares were trading at Rs 144.45 on BSE, down 3.60% from its previous close.  The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of BSE and NSE of India.

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