Tata Motors to raise Rs 1000 crore via private placement of NCDs

In two tranches

Tata Motors announced that the Board constituted Committee at its meeting held on 26 July 2017 has approved offering for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non convertible debentures of face value of Rs 10 each at par, aggregating up to Rs 1000 crore comprising of two tranches of debentures of Rs 500 each.

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