/ Tata Motors Trades In Green On The BSE ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 7 June 2018

Tata Motors is currently trading at Rs. 299.90, up by 4.40 points or 1.49% from its previous closing of Rs. 295.50 on the BSE.The scrip opened at Rs. 297.00 and has touched a high and low of Rs. 300.25 and Rs. 295.60 respectively. So far 577595 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 470.60 on 20-Jun-2017 and a 52 week low of Rs. 282.00 on 31-May-2018.Last one week high and low of the scrip stood at Rs. 296.70 and Rs. 282.00 respectively. The current market cap of the company is Rs. 86620.45 crore.

The promoters holding in the company stood at 36.37%, while Institutions and Non-Institutions held 37.92% and 10.57% respectively.
Tata Motors is raising External Commercial Borrowing (ECB) up to $250 million from lenders up to a maximum of $500 million in accordance with the Master Direction- External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers. All proceeds from the facility will be fully used towards refinancing a part of the principal amount of the Borrower's Notes as permitted under the ECB Master Directions. The date of execution is June 6, 2018. The date of maturity is 7 years from the date of the Facility Agreement.

Earlier, the company announced a tender offer in respect of $500,000,000 4.625 per cent Senior Notes due 2020, inviting holders of the Notes to offer to sell for cash to the company the Notes held by the Noteholders.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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