Tata plans to raise Rs. 300 crores through NCDs

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Having made tall claims of a completely new product portfolio in the next 3-4 years, Tata Motors is in need of some huge investments for development of these new cars. Now, the brand proposes to raise up to Rs. 300 crore via non-convertible debentures (NCDs) to meet its expansion plan. A total of Rs. 4,400 crore is expected to be raised through such activities.

A decision could be made on this around the end of this month. The brand wants to raise NCDs for a tenure ranging between 2 – 10 years....