The Board approved Committee of Tata Motors Ltd has today approved allotment of 5000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures E28-B Series of face value Rs. 10,00,000/- each, at par, aggregating Rs.500 crores in two tranches of Rs.250 crores each, on private placement basis, on terms and conditions as mentioned in the Information Memorandum.
The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of SSE Limited and National Stock Exchange of India Limited.
Shares of TATA MOTORS LTD. was last trading in BSE at Rs.149.85 as compared to the previous close of Rs. 150.6. The total number of shares traded during the day was 2097229 in over 11607 trades.
The stock hit an intraday high of Rs. 153.4 and intraday low of 147.45. The net turnover during the day was Rs. 314353591.