Tata Motors Passenger Vehicles Ltd.

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.