Tata Motors Passenger Vehicles Ltd.

Tata Motors (TML) is eyeing to raise Rs 300 crore through issuance of Non-Convertible Debentures (NCDs) to meet its expansion plan. The fund-raising is a part of the company’s plan to mop up Rs 4,400 crore through issuance of NCDs in one or more tranches on a private placement basis. The company had last year in May proposed to raise Rs 4,400 crore from NCDs to meet its expansion plan.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.