Tata Motors Raises Rs 500 Crore

Tata Motors Ltd. on Friday said it has raised Rs 500 crore by preferential allotment of non-convertible debentures to three different entities.

The company's board-approved committee has approved allotment of 5,000 rated, listed, unsecured, redeemable, non-convertible debentures of face Rs 10 lakh aggregating to Rs 500 crore in three tranches on a private placement basis, Tata Motors said in a regulatory filing.

Shares of Tata Motors on Friday ended up by 0.96 percent at Rs 168.60 on BSE.