Jobaaj Stories
Tata Motors is set to consider a fresh round of fundraising through debt instruments. The auto major announced that a meeting of the board's duly constituted committee will be held on May 2, 2025, to approve the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) via private placement, aggregating up to Rs 500 crore.
The announcement sparked positive sentiment in the stock market. Tata Motors shares rose 1.88% to Rs 681.65 in early trade on Tuesday, with the company’s market capitalization reaching Rs 2.50 lakh crore.
The stock has been highly volatile over the past year, with a 52-week low of Rs 542.55 on April 7, 2025, and a 52-week high of Rs 1179.05 on July 30, 2024. The current Relative Strength Index (RSI) of 56.2 suggests the stock is trading in a neutral zone — neither overbought nor oversold. Meanwhile, the beta of 1.3 indicates high volatility compared to the broader market.
The company issued the following statement:
"We hereby wish to inform you that a Meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on Friday, May 02, 2025, inter alia, to consider and approve the issuance of Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures on a private placement basis aggregating up to Rs 500 crore."
Disclaimer:
This article is intended for informational purposes only. Jobaaj News does not provide investment advice or recommendations. Readers are advised to consult certified financial professionals before making any investment decisions.
