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BSE SENSEX
73,092.31
+603.32
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Corporate Announcement
Security Code
500570
Company
TATA MOTORS LTD.
Exchange Received Time
07/05/2020 17:30:57
Exchange Disseminated Time
07/05/2020 17:31:04
Time Taken
00:00:07
Withdrawal Of Issue Of Unsecured Non-Convertible Debentures Aggregating Upto Rs. 1000 Crores On A Private Placement Basis. |
05/07/20 17:30
This is in furtherance to our letter dated April 28, 2020 and May 5, 2020 to consider an offering of Non-Convertible Debentures (NCDs) aggregating upto Rs. 1000 Crores on a private placement basis.
Pursuant to the provisions of Regulation 30 (2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Regulations') read together with Schedule III of the Regulations, we hereby inform that the Company has decided to withdraw the issue for private placement of unsecured NCDs 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.
This is for the information of the Exchange and of the Debenture holders.
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