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Tata Motors to raise 500 crores

New Delhi. Tata Motors mentioned its board of administrators has accepted a proposal to boost Rs 500 crore by issuing shares on a personal placement foundation. Tata Motors advised the inventory trade {that a} assembly of the duly licensed committee accepted the issuance of a most of 5,000 listed, unsecured, redeemable, non-convertible debentures (NCDs) of face worth as much as Rs 10 lakh on personal placement foundation. The corporate, nevertheless, didn’t specify how the capital could be used.

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