The board of Tata Motors will think about a proposal to lift funds at its assembly subsequent week, Tata Motors mentioned 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 Might 18 to approve the monetary outcomes for the quarter and monetary 12 months ended March 31, 2021.
“The board within the mentioned assembly would additionally think about a proposal for elevating funds by the use of challenge of a number of devices together with convertible securities of any description or debt securities, by preferential challenge, non-public placements, rights challenge or another strategies or mixture thereof within the home and/or worldwide markets,” Tata Motors mentioned.
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.