General Announcement::Outcome of Board Meeting held on January 18, 2016

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
18-Jan-2016 20:16:50
Status
New
Announcement Sub Title
Outcome of Board Meeting held on January 18, 2016
Announcement Reference
SG160118OTHRKUFI
Submitted By (Co./ Ind. Name)
Hoshang Sethna
Designation
Company Secretary
Effective Date and Time of the event
18/01/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that the Board of Directors of the Company at their Meeting held today, i.e. January 18, 2016 have considered and approved:-

(a) the appointment of Mr Guenter Butschek as the Chief Executive Officer and Managing Director of the Company for a period of 5 years and he is expected to join by February 15, 2016. Attached please find the Press Release and a brief profile of Mr Butschek. We confirm that Mr Butschek is not related to any of the Directors of the Company.

(b) the buy-back of Unsecured Non-Convertible Debentures (NCDs), as part of its Debt restructuring programme to ensure balanced maturity profile and / or better terms that would include lower cost of debt as follows:-
(i) NCDs (ISIN: INE155A08183) aggregating Rupees 200 crores (2,000 NCDs of face value of Rupees 10 lakhs each) due to mature on November 30, 2018; and
(ii) NCDs (ISIN: INE155A08084) aggregating Rupees 250 crores (2,500 NCDs of face value of Rupees10 lakhs each) due to mature on May 28, 2019.

This intimation is being sent as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We would also like to inform you that though the meeting is in progress, in view of the above items being sensitive, we are releasing the same.

Attachments

Letter-NSE-BSE-Outcome-Jan-18.pdf
Total size =349K