Tata Motors has informed that a meeting of the Board of Directors of the Company will be held on March 25, 2015, to consider and approve the detailed terms of the proposed rights issue of the Ordinary shares and A Ordinary shares (the Securities) aggregating upto Rs 7,500 crores, including the issue price, rights entitlement ratio and the Book closure for issuance of the Securities to the existing shareholders of the Company and Buy-back of Secured Non-Convertible Debentures (ISIN:INE155A07193) issued by the Company in May 2009, maturity date being March 31, 2016, face value of Rs 1250 crores, as part of its Debt restructuring programme to ensure a healthy debt equity mix, balanced maturity profile, better terms that would include lower cost of debt.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 335.10 |
| Maruti Suzuki India | 13855.05 |
| Mahindra & Mahindra | 3127.55 |
| Hyundai Motor India | 1970.15 |
| Mercury Ev-Tech | 34.82 |
| View more.. | |
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