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Tata Motors to raise Rs1,000 crore via NCDs

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Tata Motors says its board will meet on 5 May to consider raising fund up to Rs1,000 crore through non convertible debentures Tata Motors Ltd on Tuesday announced that its board will meet on 5 May to consider raising fund up to Rs1,000 crore through non convertible debentures. "We would like to inform you that the Company is desirous of offering Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures aggregating Rs1,000 crores in three tranches and in this regard is holding a meeting of its duly constituted Committee of the Board on May 5, 2020," the company said in a notice to exchanges.

Earlier this month, S&P Global Ratings had downgraded Tata Motors’ senior unsecured notes from B+ to B on weakening credit metrics because of

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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