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Tata Motors board approves raising Rs 500 cr via NCDs

  •   Tue, Jul 20 2021 03:31:37 PM

Mumbai, Jul 20 (IANS): The board of Tata Motors has approved the raising of Rs 500 crore through issuance of non-convertible debentures.

In a regulatory filing, the company said that its duly authorised committee in its meeting on Tuesday approved the issuance of upto 5,000 rated, listed, unsecured, redeemable, Non-Convertible Debentures (NCDs) E30-B Series of face value Rs 10 lakh each.

The deemed date of allotment is July 22, 2021 and the redemption date is March 31, 2021.

Around 3 p.m., its shares on the BSE were trading at Rs 304.20, lower by Rs 4.50 or 1.46 per cent from its previous close.

 
  

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Title: Tata Motors board approves raising Rs 500 cr via NCDs



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