Tata Motors said its borrowings as on 31 March 2016 aggregate approximately Rs.15,887.25 crore, of which outstanding NCDs aggregate to Rs.5,550 crore. Photo: Ramesh Pathania/MintNew Delhi: Tata Motors plans to raise Rs.3,000 crore in the next 12 months through non-convertible debentures (NCDs) or rupee denominated non-convertible foreign currency bonds on a private placement basis. Tata Motors plans to raise Rs3,000 crore through non-convertible debentures or rupee denominated non-convertible foreign currency bonds on a private placement basisTata Motors will seek approval of shareholders to raise the sum at its upcoming AGM to be held on 9 August. The company will seek approval of shareholders to raise the sum at its upcoming AGM to be held on 9 August. It has borrowed Rs.600 crore by way of unsecured NCDs up to May 2016.

Source: Mint July 15, 2016 13:30 UTC