TataMotors surges on planning to raise upto Rs 500 crore through NCDs
Tata Motors is currently trading at Rs. 677.70, up by 9.35 points or 1.40% from its previous closing of Rs. 668.35 on the BSE.
The scrip opened at Rs. 670.70 and has touched a high and low of Rs. 683.00 and Rs. 670.70 respectively. So far 326144 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.05 on 30-Jul-2024 and a 52 week low of Rs. 542.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 673.00 and Rs. 632.85 respectively. The current market cap of the company is Rs. 250166.05 crore.
The promoters holding in the company stood at 42.58%, while Institutions and Non-Institutions held 35.04% and 22.39% respectively.
Tata Motors is planning to raise upto Rs 500 crore through the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. A Meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on May 02, 2025, inter alia, to consider and approve the same.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
