Tata Motors Passenger Vehicles Ltd.

Tata Motors has received approval to raise Rs 500 crore through Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each, at par on private placement basis. The board of directors at its meeting held on June 14, 2021 has approved the same.

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.