Tata Motors has said the a committee of the board is going to meet next week for considering to raise Rs 500 crore through non-convertible debentures (NCDs).

It has said in a regulatory filing that “The company is desirous of offering the eighth series of its rated, listed, unsecured, redeemable NCDs aggregating to Rs 500 crore.”

It further said that in this regard, a duly constituted committee of the board would meet on June 21.

However, the company did not disclose reasons for raising the capital.

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