Tata Motors plans to raise up to Rs. 7,500 crore via rights issue of equity shares.
Tata Motors stock was up 1% at Rs 552 after company said that it plans to raise funds via rights issue.
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Tata Motors plans to raise up to Rs. 7,500 crore via rights issue of equity shares.
Further the company's board will also consider a proposal for buyback of secured non-convertible debentures issued by the company in May 2009, maturity date being 31 March, 2016, face value of Rs. 1250 crore, as part of its debt restructuring programme.
The stock is now up 0.7 per cent at Rs. 551. The counter has seen trades of around 9,700-odd shares on the BSE.
Meanwhile, the Sensex has rallied 88 points at 28,349.
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