Categories: Business

Tata Motors to increase up to RS 500 Crore through NCDs

New Delhi: Tata Motors on Tuesday said the council has approved a proposal to increase up to Rs 500 Crore through a problem based on personal placement.
Approved official committee meetings have been approved for subscribing, based on personal placement, up to 5,000 ratings, registered, unsafe, can be redeemed, non-convertible debentures (NCDS) a series of nominal values ​​of E30-B rs 10,00,000 each outlines them for RS 500 crore, Major said automatically in the submission of regulations.
However, a company based in Mumbai has no details about how it is planned to use capital.
Tata Motors is an organization of $ 35 billion.
It is a leading car manufacturer, vehicle utility, pick-up, trucks and buses.
Part of the Group of $ 113 billion, Major automatically has operations in India, England, South Korea, Thailand, South Africa and Indonesia through a strong global network of 103 subsidiaries, ten associate companies, three joint operations and two on March 31 2020.

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