Tata Motors raising $750 mln via share sale
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Tata Motors raising $750 mln via share sale

India's Tata Motors said today it had raised the size of an institutional share sale to $750 million from $525 million after it received a strong response.

business Updated: Oct 04, 2010 11:00 IST
Reuters

Tata Motors said on Monday it had raised the size of an institutional share sale to $750 million from $525 million after it received a strong response.

The company had launched the share sale on Friday, with the aim of using proceeds to reduce debt and grow its business.

The vehicle maker had initially planned to raise $325 million by issuing shares with differential voting rights, and $200 million by selling ordinary shares.

First Published: Oct 04, 2010 10:58 IST