Tata Motors Passenger Vehicles Ltd.

Tata Motors, the country’s largest vehicle maker, has raised SGD 350 million (Singapore dollar) from the international market via issue of Singapore dollar bonds. The company has raised funds to meet working capital requirements and capital expenditure.

Further, this is the second fund raising activity by the company in less than five months. Back in January, its subsidiary, Jaguar Land Rover Automotive, had raised $500 million (Rs 2,750 crore) via issue Senior Notes. The net proceeds from the issuance and sale of the Notes were planned to be used for general corporate purposes, including supporting Jaguar Land Rover’s on-going growth and capital spending plans.