Tata Motors is planning to raise Rs 3,000 crore in the next 12 months through non-convertible debentures (NCDs) or rupee denominated non-convertible foreign currency bonds on a private placement basis. In this regard, the company will be seeking approval of shareholders at its upcoming AGM to be held on 9 August.
The company will use the fund for repayment of certain NCDs/term loans from banks and to fund part of the ongoing capital expenditure during the next 12 months as also for general corporate purposes.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 350.25 |
| Maruti Suzuki | 13046.95 |
| Mahindra & Mahindra | 3038.00 |
| Hyundai Motor India | 1784.55 |
| Mercury Metals | 33.36 |
| View more.. | |
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