Tata Motors Passenger Vehicles Ltd.

Tata Motors’ board has approved the pricing and tenure of $300 million (over Rs 2,163.37 crore) fund raise, through bonds to be issued later this month. The committee authorised by the board at its meeting held on November 13, 2019, approved the same. The bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading. Tenure of the instrument is from November 20, 2019 to May 20, 2025.

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.