NEW DELHI, Apr 28: Tata Motors on Tuesday said it is looking to raise Rs 1,000 crore through issue of debentures.
“The company is desirous of offering rated, listed, unsecured, redeemable, non-convertible debentures aggregating Rs 1,000 crore in three tranches,” Tata Motors said in a regulatory filing.
In this regard the company is planning to hold a meeting of its duly constituted committee of the board on May 5, it added.
The fund-raising is pursuant to the approval of the board’s resolution passed at its meeting held on March 27, 2020, the auto major said. (PTI)
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