Tata Motors plans to raise Rs 400 crore

Through private placement of NCDs

Tata Motors announced that a meeting of the duly authorised Committee was held on 28 July 2016, approving offering for subscription on a private placement basis 4,000 Rated, Listed, Unsecured, 8% Coupon, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs. 10,00,000/- each, at par, aggregating upto Rs. 400 crore.

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