The board has approved the issuance of privately placed 3,000 rated, listed, unsecured, redeemable, 8.25% coupon NCDs of face value Rs.10,00,000/- each, at par, aggregating up to Rs.300 crore.
Tata Motors Ltd is currently trading at Rs. 421.25, up by Rs. 1.95 or 0.47% from its previous closing of Rs. 419.3 on the BSE.
Tata Motors Ltd said that the board has approved the issuance of privately placed 3,000 rated, listed, unsecured, redeemable, 8.25% coupon non-convertible debentures (NCDs) of face value Rs.10,00,000/- each, at par, aggregating up to Rs. 300 crore.
Tata Motors Ltd is currently trading at Rs. 421.25, up by Rs. 1.95 or 0.47% from its previous closing of Rs. 419.3 on the BSE.
The scrip opened at Rs. 419.95 and has touched a high and low of Rs. 425 and Rs. 417.25 respectively. So far 3861575(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 136647.8 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 534 on 28-Apr-2015 and a 52 week low of Rs. 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 423.5 and Rs. 401.1 respectively.
The promoters holding in the company stood at 33.01 % while Institutions and Non-Institutions held 41.3 % and 25.69 % respectively.
The stock is currently trading above its 200 DMA.
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