Tata Motors to raise up to Rs 500 crore via NCDs


New Delhi: Tata Motors will raise up to Rs500 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% coupon, redeemable, non-convertible debentures aggregating up to Rs500 crore,” Tata Motors said in a BSE filing.

Shares of Tata Motors were trading flat at Rs472.90 on BSE.