Market Updates
Tata Motors Raises $750 Million
Mayank Mehta
09 Oct, 2009
New York City
-
Tata Motors completed its offering of $750 million to repay last installment of $600 million for a $3 billion loan assumed during the purchase of Jaguar Land Rover. The India based trucks and automaker is expected to benefit from the rising auto sales in India.
[R]5:00 PM New York – Tata Motors completed its offering of $750 million to repay last installment of $600 million for a $3 billion loan assumed during the purchase of Jaguar Land Rover. The India based trucks and automaker is expected to benefit from the rising auto sales in India.[/R]
Tata Motors Ltd decreased 5.8% to $12.14 after it completed securities sale to raise $750 million. The company sold stocks and convertible notes of $375 million each in global deposit receipts or GDR to finish the payment for the debt it took on while acquiring Jaguar Land Rover from Ford Motor Company.
India based truck maker sold 29.9 million GDRs at $12.54 and convertible notes that pay 4% and due in 2014. The company with the final payment repaid the total of $3 billion loan to pay for the purchase of Jaguar Land Rover.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|