Tata Motors Passenger Vehicles Ltd.

Tata Motors is planning to raise Rs 7,500 crore for meeting the company's growth plans as well as for reducing the debt on its balance sheet. In this regard, the company has decided to seek approval of the Shareholders’ through a postal ballot.

The quantum, pricing and timing of the issue will be decided at a later point in time, depending upon the market conditions post Shareholders’ and other approvals.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.