Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
335.80
4.00 (1.21%)
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Tata Motors planning to raise Rs 500 crore via NCDs

Date: 17-02-2020

Tata Motors is planning to offer Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) aggregating Rs 500 crore in two tranches and in this regard is holding a meeting of its duly constituted Committee of the Board on February 24, 2020. The above issuance is pursuant to the approval of the Board of Directors' resolution passed at its meeting held on October 25, 2019.

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.