General Announcement::Settlement of the Tender Offer

Issuer & Securities

Issuer/ Manager
TATA MOTORS LIMITED
Securities
TATA MOTORUS$250M5.75%N241030 - XS1121908211 - 19SB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Jun-2023 20:51:49
Status
New
Announcement Sub Title
Settlement of the Tender Offer
Announcement Reference
SG230616OTHRJNA0
Submitted By (Co./ Ind. Name)
Tata Motors
Designation
Senior Manager
Effective Date and Time of the event
16/06/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
Tata Motors Limited (the Company) had on May 31, 2023 commenced a tender offer to the External Commercial Borrowing Bonds of USD 250,000,000 5.75% senior notes due 2024 (ECB Bonds) holders inviting them to offer to sell for cash to the Company the ECB Bonds held by such ECB bonds holders (the Offer) and further intimated you that the Offer expired at 8:30 pm (India time) on June 9, 2023 (Expiration Time) and at the Expiration Time USD 111,943,000 in aggregate principal amount of the ECB Bonds were validly tendered pursuant to the Offer.

It is hereby intimated that subject to the satisfaction of the conditions set forth in the tender offer memorandum dated May 31, 2023, the Company has taken such steps as are required to extinguish the ECB Bonds that have been validly tendered and purchased by the Company pursuant to the Offer.

Accordingly, the aggregate principal amount of ECB Bonds that remain outstanding as of the date hereof is USD 138,057,000.

Attachments

Thunder 2 - Settlement Announcement.pdf
Total size =161K