<p>Tata Motors on Monday said its board has approved a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis.</p>.<p>A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing.</p>.<p>The Mumbai-based company, however, did not share details as to how it plans to use the capital.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/business-news/dodla-dairys-rs-520-crore-ipo-to-open-on-june-16-price-band-set-at-rs-421-428/share-996309.html" target="_blank">Dodla Dairy's Rs 520 crore-IPO to open on June 16; price band set at Rs 421-428/share </a></strong></p>.<p>Shares of the company were trading 1.03 per cent down at Rs 347.15 apiece on the BSE.</p>.<p>Tata Motors, a $35 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.</p>.<p>Part of the $113 billion Tata group, the company is India’s largest automaker with operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.</p>
<p>Tata Motors on Monday said its board has approved a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis.</p>.<p>A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing.</p>.<p>The Mumbai-based company, however, did not share details as to how it plans to use the capital.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/business-news/dodla-dairys-rs-520-crore-ipo-to-open-on-june-16-price-band-set-at-rs-421-428/share-996309.html" target="_blank">Dodla Dairy's Rs 520 crore-IPO to open on June 16; price band set at Rs 421-428/share </a></strong></p>.<p>Shares of the company were trading 1.03 per cent down at Rs 347.15 apiece on the BSE.</p>.<p>Tata Motors, a $35 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.</p>.<p>Part of the $113 billion Tata group, the company is India’s largest automaker with operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.</p>