Shares of Tata Motors were trading 0.23 per cent higher at Rs 472.90 on BSE.
On Monday, Tata Motors reported 49 per cent decline in March quarter 2019 results at Rs 1,108.66 crore.
New Delhi: 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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