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Tata Motors to issue NCD worth Rs 500 cr

Tata Motors logos are pictured outside their flagship showroom in Mumbai

Tata Motors logos are pictured outside their flagship showroom in Mumbai

 

 

Tata Motors, India's biggest automobile company, said on Wednesday that it is desirous of offering the fifth series of its rated, listed, unsecured, redeemable, NCDs (non-convertible debentures) aggregating to Rs 500 crore.

It will be holding a meeting in this regard of its duly constituted committee of the Board on October 18, 2016. The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the Company held on August 09, 2016 and the Board of Directors resolution passed at its meeting held on August 26, 2016.