Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
342.30
4.20 (1.24%)
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Tata Motors gains on buzz of plan to raise Rs 300 crore through bonds

Date: 25-03-2014

Tata Motors is currently trading at Rs. 391.35, up by 0.25 points or 0.06 % from its previous closing of Rs. 391.10 on the BSE.

The scrip opened at Rs. 394.00 and has touched a high and low of Rs. 394.00 and Rs. 387.00 respectively. So far 267446 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 420.30 on 04-Mar-2014 and a 52 week low of Rs. 252.10 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 397.30 and Rs. 379.15 respectively. The current market cap of the company is Rs. 106868.64 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.57 % and 7.60 % respectively.

Tata Motors is reportedly planning to raise Rs 300 crore via 4-year 11-month bonds at 10%. Deutsche Bank is the sole arranger to the bond sale. Care rating agency has assigned AA+ rating to bonds.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer