Tata Mo­tors Raises .₹ 300 cr Via Pvt Place­ment of NCDs

The Economic Times - - Companies: Pursuit Of Profit -

Tata Mo­tors to­day said it has raised .₹ 300 crore by is­su­ing non-con­vert­ible deben­tures on private place­ment ba­sis. A meet­ing of a duly au­tho­rised committee ap­proved the is­suance of pri­vately placed 3,000 NDCs of face value .₹ 10 lakh each at par ag­gre­gat­ing up to .₹ 300 crore, the com­pany said in a BSE fil­ing. The rated, un­se­cured re­deemable NCDs is for a ten­ure of 1,006 days from the date of al­lot­ment of April 27, 2016, will ma­ture on Jan­uary 28, 2019, it added.

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