New Delhi: The committee, approved by Tata Motors’ board of directors, approved raising Rs 500 crore by issuing non-convertible debentures based on personal planning.
In a communication sent to the stock exchanges, the company said that the committee has approved raising Rs 500 crore by issuing non-convertible debentures of 5,000 rated, listed, non-guaranteed, exchangeable E28-B series with a value of Rs 10 lakh each.
It further states that this amount will be raised in two installments of Rs 250-250 crore through personal planning.
