Tata Motors Passenger Vehicles Ltd.

Tata Motors plans to raise Rs 300 crore through issuance of second series of non-convertible debentures (NCDs) to bankroll its expansion plan. The fund-raising is 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. In April, in first tranche, the company had mopped up Rs 300 crore through the same route.

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.