General Announcement::Announcement of Results 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
12-Jun-2023 18:36:19
Status
New
Announcement Sub Title
Announcement of Results of the Tender Offer
Announcement Reference
SG230612OTHR6RIG
Submitted By (Co./ Ind. Name)
Tata Motors
Designation
Senior Manager
Effective Date and Time of the event
12/06/2023 17:00:00
Description (Please provide a detailed description of the event in the box below)
This has reference to our earlier filling dated May 31, 2023, wherein we had informed that Tata Motors Limited (the Company) had on May 31, 2023 commenced a tender offer to the holders of External Commercial Borrowing Bonds of USD 250,000,000 5.75% senior notes 2024 (ECB Bonds) to offer to sell for cash to the Company the ECB Bonds held by such ECB Bond holders (the Offer) and that the ECB Bonds are listed on the Singapore Exchange Securities Trading Limited.

It is hereby intimated that the Offer expired at 8:30 pm (IST) on June 9, 2023 (Expiration Time). As at the Expiration Time, USD 111,943,000 in aggregate principal amount of the ECB Bonds were validly tendered pursuant to the aforesaid Offer. Subject to the satisfaction of the conditions set forth in the tender offer memorandum dated May 31, 2023, the Company shall accept for purchase all ECB Bonds validly tendered pursuant to the Offer, in the aggregate principal amount of USD 111,943,000.

Attachments

Thunder 2.pdf
Total size =167K