Tata Motors Passenger Vehicles Ltd.

Tata Motors, India’s largest automobile manufacturer, has raised Rs 300 crore by issuing non-convertible debentures on a private placement basis. The company’s Authorised Committee in its meeting held on April 27, 2016 has approved the issuance of privately placed 3,000 Rated, Listed, Unsecured, Redeemable, 8.25% Coupon Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each, at par, aggregating upto Rs 300 crore. The rated, unsecured redeemable NCD issue is for a tenure of 1006 days from the date of allotment of April 27, 2016, and will mature on January 28, 2019. The security will be listed on both BSE and NSE.

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.