Tata Motors Passenger Vehicles Ltd.

Tata Motors has received its shareholders’ approval for raising up to Rs 6,494.35 crore from Tata Sons through issuance of securities through preferential allotment. Last month, the company's board had approved to raise the capital, which it plans to utilize to reduce debt and to refinance existing loans.

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.