Tata Motors will raise up to Rs 500 crore via issuance of non-convertible debentures (NCDs) on a private placement basis.
"A meeting of duly authorised committee was held today approving offering for subscription on a private placement basis, up to 5,000 rated, listed, unsecured, 7.84 per cent coupon, redeemable, non-convertible debentures aggregating up to Rs 500 crore," Tata Motors said in a BSE filing.
Shares of Tata Motors were trading 0.23 per cent higher at Rs 472.90 on BSE.
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