The stock gained 1.57 per cent to settle at Rs 455.50 on BSE. During the day, it went up by 2.19 per cent to Rs 458.30.
At NSE, shares of the company rose 1.66 per cent to close at Rs 455.75.
"The company is desirous of offering the eighth series of its rated, listed, unsecured, redeemable NCDs aggregating to Rs 500 crore," the Mumbai-based auto major said in a regulatory filing.
In this regard, a duly constituted committee of the board would meet on June 21, it added.
The NCD issuance is pursuant to the approval of the shareholders at the company's 71st AGM last year.
The company, however, did not disclose reasons for raising the capital.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)