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  Business   Companies  15 Nov 2019  Tata Motors raises Rs 500 crore via preferential shares allotment

Tata Motors raises Rs 500 crore via preferential shares allotment

PTI
Published : Nov 15, 2019, 8:41 pm IST
Updated : Nov 15, 2019, 8:41 pm IST

The company's board-approved committee has approved allotment of 5,000 rated, listed, unsecured, redeemable, NCDs.

Shares of Tata Motors on Friday ended up by 0.96 per cent at Rs 168.60 on BSE.
 Shares of Tata Motors on Friday ended up by 0.96 per cent at Rs 168.60 on BSE.

New Delhi: Tata Motors on Friday said it has raised Rs 500 crore by preferential allotment of non-convertible debentures to three different entities.

The company's board-approved committee has approved allotment of 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh aggregating to Rs 500 crore in three tranches on a private placement basis, Tata Motors said in a regulatory filing.

Shares of Tata Motors on Friday ended up by 0.96 per cent at Rs 168.60 on BSE. 

Tags: tata motors, ncd, preferential shares
Location: India, Delhi, New Delhi