The board of Tata Motors will take into account a proposal to lift funds at its assembly subsequent week, Tata Motors stated in a regulatory submitting to the inventory exchanges, with out revealing any particulars concerning the quantum of funds. The board assembly is scheduled to be held on May 18 to approve the monetary outcomes for the quarter and monetary yr ended March 31, 2021.
“The board in the said meeting would also consider a proposal for raising funds by way of issue of one or more instruments including convertible securities of any description or debt securities, through preferential issue, private placements, rights issue or any other methods or combination thereof in the domestic and/or international markets,” Tata Motors stated.
At 3:10 pm, the Tata Motors shares had been buying and selling at Rs 312.35, decrease by 4.17 per cent on the BSE. The BSE Sensex and NSE Nifty had been rading completely flat on the time.