Tata Motors : Intimation of outcome of Board constituted Committee Meeting held on July 20, 2021, to consider offering for subscription Non-Convertible Debentures aggregating upto Rs. 500 Crores on a private placement basis
July 21, 2021 at 06:09 am EDT
Share
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
Kind Attn: Mr Khushro A Bulsara
Kind Attn: Mr Lokesh Bhandari
Sr. General Manager
Senior Manager
Compliance & Legal Regulatory
Listing Department
June 20, 2021
Sc. No.- 16448
Dear Sir,
Sub: Intimation of outcome of Board constituted Committee Meeting held on July 20, 2021, to consider offering for subscription Non-Convertible Debentures aggregating upto ₹500 Crores on a private placement basis
In furtherance to our letter dated July 15, 2021 and 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 Para A of Part A of Schedule III of the Regulations, we hereby inform that a meeting of the duly authorised Committee was held today from 9:30 a.m. to 9:40 a.m. approving offering for subscription, on a private placement basis, upto 5,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures ("NCDs") E30-B Series of face value ₹10,00,000/- each, at par, aggregating upto ₹500 crores.
As required under the said Regulations, given below are the relevant details of the said issuance:
Debenture
Offer
Face value
Interest payable
Tenor
Redempt
Debt Listing
Series
Size
of security
ion
Deemed date
BSE Limited
of allotment
-
₹500
Annual
and
on
and National
E30B
₹10,00,000
July 22, 2021
March
Stock
crores
Redemption
Period of
31, 2026
Maturity - 1713
Exchange of
India Limited
days
Credit Rating - Credit Rating Information Services of India Limited (CRISIL) has assigned "CRISIL AA-" (Double A minus rating with Stable outlook) rating vide its letters dated July 14, 2021;
Charge/security, if any, created over the assets - Nil, the NCDs are unsecured;
Special right/interest/privileges attached to the instrument and changes thereof - Nil;
Delay in payment of interest / principal amount for a period of more than three months from the due date or default in payment of interest / principal - Nil;
Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any - Not applicable;
This is for the information of the Exchanges and of the Debenture holders.
Yours Faithfully,
Tata Motors Limited
Hoshang K Sethna
Company Secretary
Attachments
Original document
Permalink
Disclaimer
Tata Motors Limited published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 10:08:12 UTC.
Tata Motors Limited is the Indian leader in automotive construction. Net sales break down by activity as follows:
- sale of vehicles (83.6%): utility vehicles (366,909 units sold in 2020/21), commercial vehicles (257,136 sold) and passenger vehicles (213,738 units sold) marketed under the Tata, Fiat, Jaguar and Land Rover brands;
- sale of spare parts (9.9%);
- sales financing services (1.6%);
- other (4.9%): manufacturing of construction equipment, electronic and plastic components, etc.
Net sales are distributed geographically as follows: India (20.2%), the United Kingdom (14.9%), Europe (13.6%), the United States (18.8%), China (17.9%) and other (14.6%).
Tata Motors : Intimation of outcome of Board constituted Committee Meeting held on July 20, 2021, to consider offering for subscription Non-Convertible Debentures aggregating upto Rs. 500 Crores on a private placement basis
TATA MOTORS LIMITED 
