Tata Motors Passenger Vehicles Ltd.

Tata Motors’ board has approved allotment of 5000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures E28-B Series of face value Rs 10,00,000 each, at par, aggregating Rs 500 crore in two tranches of Rs 250 crore each, on private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of SSE and National Stock Exchange of India. The Board approved Committee of the company on February 26, 2020 has approved allotment of the same. 

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.