Tata Motors has successfully completed its issue of shares aggregating $750 million, comprising ‘A' ordinary shares for $550 million and ordinary shares taking up the balance $200 million. The issue was subscribed 3.4 times.
A committee of the board of directors decided to issue and allot 32,165,000 differential voting rights share at a price of Rs 764 each and 8,320,300 ordinary shares at Rs 1,074 per share, aggregating a total issue size of Rs 3, 351 crore, pursuant to a qualified institutional placement. The response is a reflection of confidence in the underlying performance and outlook of Tata Motors' Group, including Jaguar and Land Rover.
crackcrack| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 356.05 |
| Maruti Suzuki | 13458.30 |
| Mahindra & Mahindra | 3247.05 |
| Hyundai Motor India | 1885.80 |
| Mercury Metals | 35.02 |
| View more.. | |
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