Tata Motors to raise Rs 1,000 cr via debenture issue

Tata Motors plans to raise Rs 1,000 cr via issue of debentures

Reuters/File photo

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.