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    Tata Motors raises Rs 500 crore

    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.

    PTI
    November 15, 2019 / 08:41 PM IST
     
     
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    Tata Motors on November 15 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 November 15 ended up by 0.96 per cent at Rs 168.60 on BSE.

    PTI
    Tags: #Business #Companies #India #Tata Motors
    first published: Nov 15, 2019 08:14 pm

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