At 3:10 pm, the Tata Motors shares were trading lower by 4.17 per cent on the BSEThe board of Tata Motors will consider a proposal to raise funds at its meeting next week, Tata Motors said in a regulative filing to the stock market, without exposing any information about the quantum of funds.
The board conference is scheduled to be held on May 18 to authorize the financial results for the quarter and fiscal year ended March 31, 2021.
The board in the stated conference would also think about a proposition for raising funds by way of concern of several instruments including convertible securities of any description or financial obligation securities, through preferential problem, personal placements, rights problem or any other approaches or combination thereof in the domestic and/or global markets, Tata Motors said.At 3:10 pm, the Tata Motors shares were trading at Rs 312.35, lower by 4.17 per cent on the BSE.
The BSE Sensex and NSE Nifty were rading absolutely flat at the time.