Tata Motors shares edge higher on ₹2000 crore fundraise buzz. Do you own? | Stock Market News
Source: Live Mint
Stock market today: Ahead of the board meeting to consider raising funds up to ₹2,000 crore, Tata Motors shares opened flat and touched an intraday high of ₹666.45 apiece on the NSE, logging around a 2% intraday gain during the early morning deals on Monday. The board of directors of Tata Motors Limited will consider and approve the proposal for raising funds not exceeding ₹2,000 crore. The company board will discuss and approve the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures on a private placement basis.
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Tata Motors news
Tata Motors informed the Indian stock market exchanges last week about the scheduled board meeting, saying, “We hereby wish to inform you that a Meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on Wednesday, March 19, 2025, inter alia, to consider and approve the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures on a private placement basis aggregating up to ₹2,000 crore.”
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