Tata Motors to Raise ₹500 Crore via NCDs

Auto giant

tors has announced its board committee's approval for issuing non-convertible debentures (NCDs) worth up to ₹500 crore through a private placement. The NCDs will carry a fixed annual coupon rate of 7.08% and will be issued in two tranches, both scheduled for allotment on May 13, 2025. The first tranche will comprise up to 30,000 NCDs at ₹1,00,000 each, totaling ₹300 crore. The second tranche will include up to 20,000 NCDs at the same value, amounting to ₹200 crore.