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Tata Motors to raise Rs3000 cr via NCDs

Discussion in 'Stock Market Discussions' started by capitalstars05, Jul 18, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    Auto major, Tata Motors said that it is planning to raise Rs3, 000 crore in the next 12 months through non-convertible debentures (NCDs) or rupee denominated non-convertible foreign currency bonds on a private placement basis.
    The company will seek approval of shareholders to raise the sum at its upcoming AGM to be held on August 9.

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