/ Tata Motors To Offer NCDs Worth Rs 500 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 22 June 2017


Tata Motors on Wednesday informed that a meeting of the committee constituted by the board of the directors approved the offer for subscription of non-convertible debentures (NCDs) of Rs 500 crore on a private placement basis.

The company will offer 5,000 NCDs, which will be listed both on BSE & NSE. The face value will be Rs 10,00,000 each. The coupon rate is fixed at Rs 7.50% and Credit Analysis & Research Limited has assigned it 'CARE AA+' rating.

Meanwhile, Tata Motors was trading up by 0.4% at Rs 459.65 per share at 1400 hours on BSE. It hit a high of Rs 463.20 and a low of Rs 458 so far during the day.

Tata Motors Limited is engaged in the manufacture of motor vehicles. It is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles.

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