Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Tata Motors Limited
  6. News
  7. Summary
    500570   INE155A01022

TATA MOTORS LIMITED

(500570)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tata Motors : Intimation of Allotment of Non-Convertible Debentures (‘NCDs') aggregating ₹500 crores on a Private Placement basis

07/22/2021 | 05:28am EDT

BSE Limited

National Stock Exchange of India Ltd.

First Floor, New Trading Ring

Exchange Plaza, 5th Floor

Rotunda Building, P J Towers

Plot No.C/1, G Block,

Dalal Street, Fort

Bandra-Kurla Complex

Mumbai 400 001

Bandra (East), Mumbai 400 051

Compliance & Legal Regulatory

Listing Department

July 22, 2021,

Sc no. 16453

Dear Sir,

Sub: Intimation of Allotment of Non-Convertible Debentures ('NCDs') aggregating ₹500 crores on a Private Placement basis

This is with further reference to our letters sc no. 16442 and sc no. 16448 dated July 15, 2021 and July 20, 2021 respectively, in regard to issuance of NCDs on private placement basis.

We wish to inform you that the Board approved Committee has today approved allotment of 5000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures E30-B Series of face value ₹10,00,000/- each at par aggregating ₹500 crores on private placement basis, on terms and conditions as mentioned in the Information Memorandum for the said Issue as detailed hereunder:

Debenture

Offer Size

Interest payable

Allottees

No. of Debentures

Series

allocated

State Bank of India

4800

Karnataka Bank Limited

150

E30-B

500 crores

6.95% p.a.

IDBI Credit Risk Fund

35

IDBI Ultra Short Term Fund

15

Schedule of payment of coupon/interest and principal is as under:

Cash

Date*

No. of Days in Coupon

Amount per Debenture

flows

Period

(₹)

1st

July 22, 2022

365

69,500.00

Coupon

2nd

July 22, 2023

365

69,500.00

Coupon

3rd

July 22, 2024

366

69,500.00

Coupon

4th

July 22, 2025

365

69,500.00

Coupon

5th

March 31, 2026

252

47,983.56

Coupon

Principle

March 31, 2026

10,00,000.00

*Note: The Coupon Payment date is subject to Business Day Convention as per Term Sheet.

The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited and National Stock Exchange of India Limited.

The Meeting commenced at 9.30 a.m. and concluded at 9.40 a.m.

This disclosure is made in terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, for the information of the Exchange and of the Debenture holders.

Yours Faithfully,

Tata Motors Limited

Hoshang K Sethna

Company Secretary

Disclaimer

Tata Motors Limited published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 09:27:07 UTC.


ę Publicnow 2021
All news about TATA MOTORS LIMITED
07:48aTata Motors celebrates 10,000 EV customers
AQ
07:05aIndian Indices Close Marginally Higher on Monday; Maruti Suzuki India Jumps 6%
MT
06:40aIndian shares end flat as auto, energy offset tech losses; cinema chains surge
RE
06:40aIndian shares end flat as auto, energy offset tech losses; cinema chains surge
RE
01:54aIndian shares flat as IT losses offset auto gains
RE
09/24TATA MOTORS : celebrates 10,000 EV customers
PU
09/24TATA MOTORS : Intimation of Analyst / Institutional Investors Meeting from September 27, 2..
PU
09/24Asian ADRs Move Lower in Friday Trading
MT
09/24TATA MOTORS : Form 6-K)
PU
09/24TATA MOTORS' : Electric Vehicles Sales Hit 10,000 Mark
MT
More news
Analyst Recommendations on TATA MOTORS LIMITED
More recommendations
Financials
Sales 2022 2 987 B 40 440 M 40 440 M
Net income 2022 17 304 M 234 M 234 M
Net Debt 2022 702 B 9 508 M 9 508 M
P/E ratio 2022 74,5x
Yield 2022 0,04%
Capitalization 1 188 B 16 101 M 16 091 M
EV / Sales 2022 0,63x
EV / Sales 2023 0,48x
Nbr of Employees 75 278
Free-Float 98,9%
Chart TATA MOTORS LIMITED
Duration : Period :
Tata Motors Limited Technical Analysis Chart | 500570 | INE155A01022 | MarketScreener
Technical analysis trends TATA MOTORS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 317,95 INR
Average target price 352,71 INR
Spread / Average Target 10,9%
EPS Revisions
Managers and Directors
Thomas Flack Co-President & Chief Purchasing Officer
Rajendra Petkar Co-President & Chief Technology Officer
Ravindra Kumar G.P Co-President & Chief Human Resources Officer
Pathamadai B. Balaji Group Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
Sector and Competitors
1st jan.Capi. (M$)
TATA MOTORS LIMITED73.08%15 414
TOYOTA MOTOR CORPORATION26.93%252 924
VOLKSWAGEN AG24.25%137 986
DAIMLER AG28.53%93 053
GENERAL MOTORS COMPANY25.43%75 824
BMW AG12.96%61 932