Tata Motors withdraws proposed NCD issuance of upto Rs 1000 cr
(07 May 2020)
Tata Motors announced that the Company has decided to withdraw the issue for private placement of unsecured NCDs aggregating up to Rs 1000 crore in view of the higher cost expectations from the market participants due to the tight money market conditions. The Company continues to have sufficient liquidity and would consider issuance of NCDs at appropriate time and under normalized market conditions with necessary approvals