Friday 20 May 2016

Tata Motors plans to raise Rs.300 cr via NCD

The company is planning of issuing the second series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 300 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on May 25, 2016.

Tata Zica
Tata Motors Ltd has informed BSE that the company is planning of issuing the second series of its Rated, Listed, Unsecured, Redeemable, NCDs aggregating to Rs. 300 crores and in this regard is holding a meeting of its duly constituted Committee of the Board on May 25, 2016. The above issuance is pursuant to the approval of the Shareholders passed vide Special Resolution at the 70th Annual General Meeting of the Company held on August 13, 2015 and the Board of Directors resolution passed at its meeting held on March 30, 2016.

Tata Motors Ltd is currently trading at Rs. 390.15, up by Rs. 2.45 or 0.63% from its previous closing of Rs. 387.7 on the BSE.

The scrip opened at Rs. 386.25 and has touched a high and low of Rs. 392.5 and Rs. 386 respectively. So far 3958156(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 125449.65 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 516.9 on 22-May-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. 396.75 and Rs. 381.8 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 50 DMA.

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