New Delhi: Dwelling-grown vehicle large Tata Motors is setting up to increase Rs one,000 crore Non-Convertible Debentures (NCDs), the enterprise knowledgeable the stock exchanges on April 28.
Tata Motors explained in an intimation to stock trade that a conference of the board of directors is scheduled to be held on April fifth to look at raising of resources by way of issuance of stated, secured/unsecured, redeemable non-convertible debentures on non-public placement foundation on a few tranches/collection.
“We would like to advise you that the Business is desirous of offering Rated, Outlined, Unsecured, Redeemable, Non-Convertible Debentures aggregating Rs 1000 crores in a few tranches and in this regard is holding a conference of its duly constituted Committee of the Board on May five, 2020. The higher than issuance is pursuant to the acceptance of the Board of Directors’ resolution passed at its conference held on March 27, 2020,” the enterprise explained in a regulatory filing.
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