Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs. 301.55, up by 1.75 points or 0.58% from its previous closing of Rs. 299.80 on the BSE.

The scrip opened at Rs. 299.05 and has touched a high and low of Rs. 302.70 and Rs. 299.05 respectively. So far 94880 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.05 on 10-Jan-2013 and a 52 week low of Rs. 202.95 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 305.55 and Rs. 283.00 respectively. The current market cap of the company is Rs. 81691.53 crore.

The promoters holding in the company stood at 34.71% while Institutions and Non-Institutions held 38.88% and 8.02% respectively.

Tata Motors, the country’s largest vehicle maker, has raised SGD 350 million (Singapore dollar bonds) 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.