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Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses


Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses
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Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses
Reuters / Jun 3, 2021, 13:24 IST
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NEW DELHI: Indian automaker Tata Motors has raised $425 million through unsecured offshore bonds at a rate of 4.35% to refinance existing debt and meet expenses, according to a term sheet of the deal seen by Reuters.
Of the proceeds raised, Tata will use 225 million pounds ($318 million) to refinance existing loans and the rest to meet corporate expenses, according to the paper.
The bond, which has been issued for a period of two and a half years, was over-subscribed by about five times, according to a source with direct knowledge of the deal. ....

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View: eTata — Stay separate, stay hungry and don't let culture eat strategy for lunch


View: eTata Stay separate, stay hungry and don t let culture eat strategy for lunch
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View: eTata Stay separate, stay hungry and don t let culture eat strategy for lunchET Bureau
Last Updated: Jun 03, 2021, 11:54 PM IST
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Tata Group chairman Natarajan Chandrasekaran is convinced his expansive empire with multiple consumer touchpoints is the perfect key to the next Tata growth engine – digital commerce and data. But to make such mega digital aspirations work, the conglomerate needs an organisational DNA makeover.
It’s called Big Basket. But is it strong enough to carry the weight of Tata Group’s new super-app ambition? A realistic answer: as much the group’s 153-year-old culture allows it to be. ....

Marc Llistosella , Natarajan Chandrasekaran , Mukesh Bansal , Ratan Tata , Tata Motors , Tata Administrative Services , Tata Electronics , Tata Group , Tata Consultancy Services , Big Basket , Reliance Retail , Tata Sons , Tata Digital , Tata Consumer , Mukesh Ambani , Big Tech , N Chandrasekaran , நடராஜன் சந்திரசேகரன் , முகேஷ் பன்சால் , ரட்ன் டாடா , டாடா மோட்டார்கள் , டாடா மின்னணுவியல் , டாடா குழு , சாப்ட் பேங்க் , டாடா ஆலோசனை சேவைகள் , பெரியது கூடை ,