Tata Motors board approves allotment of Rs500cr securities on private placement

The NCDs are proposed to be listed on the Wholesale Debt Market.

Jun 17, 2021 01:06 IST India Infoline News Service

Tata Motors Ltd has informed that the Board has approved allotment of 5000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures E30-A Series of face value Rs10,00,000/- each at par aggregating Rs500cr on private placement basis.

The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited and National Stock Exchange of India Limited.

Tata Motors reports domestic sales of 24,552 units during May 2021 and recently the company rolls out 2,00,000th unit of SUV Nexon. 

At around 1:32 PM, Tata Motors was trading at Rs346.20 apiece down by Rs3.1 or 0.89% from its previous closing of Rs349.30 apiece on the BSE.

Related Story

Open Free Demat Account (Rs699)