Tata Motors is going to raise up to Rs 500 crore through issue of non-convertible debentures (NCDs) on a private placement basis.

Tata Motors has said in a BSE filing that “A meeting of duly authorised committee was held today approving offering for subscription on a private placement basis, up to 5,000 rated, listed, unsecured, 7.84 percent coupon, redeemable, non-convertible debentures aggregating up to Rs 500 crore.”

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