InvestorQ : Why does Tata Motors plan to raise Rs.1000 crore via NCDs?
Dia Deshpande made post

Why does Tata Motors plan to raise Rs.1000 crore via NCDs?

Answer
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Ria Jain answered.
5 months ago


Tata Motors proposes to raise Rs.1000 crores through NCDs on a private placement basis. All 10,000 NCDs are being offered directly to SBI at an annual interest rate of 8.80%. It had earlier planned a public issue but later withdrew the idea. Automakers have been raising capital via issuance of debentures to ensure liquidity in the midst of near-zero sales.