General Announcement::Intimation of outcome of Board Meeting - Preferential Allotment and External Commercial Borrowings

Issuer & Securities

Issuer/ Manager
TATA MOTORS LIMITED
Securities
TATA MOTORUS$500M4.625%N200430 - XS1121907676 - 19RB
TATA MOTORUS$250M5.75%N241030 - XS1121908211 - 19SB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Oct-2019 20:32:21
Status
New
Announcement Sub Title
Intimation of outcome of Board Meeting - Preferential Allotment and External Commercial Borrowings
Announcement Reference
SG191025OTHRL439
Submitted By (Co./ Ind. Name)
Hoshang K Sethna
Designation
Company Secretary
Effective Date and Time of the event
25/10/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
Intimation of outcome of Board Meeting under Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

With further reference to our filing dated October 18, 2019 and in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations, please be we wish to inform you that the Board at their Meeting held today, has:

1. Approved the issue and allotment of the following securities to Tata Sons Private Limited, the promoter of the Company, on a preferential basis on such terms and conditions as may be determined by the Board and subject to the approval of the Shareholders of the Company and applicable regulatory authorities as the case may be, in accordance with the SEBI ICDR Regulations and other applicable laws.

An Extraordinary General Meeting of the Shareholders of the Company will be held on November 22, 2019 for seeking their approval for the said Preferential Allotment

2. In principle approved and authorised the raising of additional fund upto Rs.3500 Crores through External Commercial borrowings (fixed rate senior unsecured notes/syndicated loans), listed, unsecured, rated, non-convertible debentures or any other form of borrowing or in any combination thereof and has authorized the officers of the Company to determine the pricing, tenure, instruments and other terms of the issuance.

For details pertaining to the above, kindly refer to the enclosed document.






Attachments

PreferentiaIssue.pdf
Total size =977K