Tata Motors planning to raise as much as $1 billion from selling securities
By Andrew C., 30 Aug, 2010. 0 Comments
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Apparently Tata may tap capital markets in the next month and may consider options including a private placement, shares with differential voting rights and foreign currency convertible bonds. If you remember, back in June that it is planning to raise as much as $1 billion to pare debt and expand operations. A Tata spokesman declined to say how the company is going to raise this amount of money, but it is expected to sell shares, convertible bonds and other securities in India or overseas.
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