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Tata Motors
Tata Motors
Posted by :
zoombusinessTracked by: 0 Boarder
Market conditions force Tata Motors to alter fund plan for JLR
Tata Motors Ltd today said it has altered its funding plan for
acquisition of Jaguar and Land Rover in view of current market conditions.
The company will now partly fund the acquisition through divestment of some
of its investments and a pared rights issue.
...
BSE Announcements on Tata Motors
Posted by :
MMB MessengerTracked by: 1 Boarder
Tata Motors Ltd has informed BSE regarding a Press Release dated August 20, 2008 titled "Raising of Long Term Capital Funds"...
NSE Announcements on Tata Motors
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Motors Limited has informed the Exchange regarding a press release dated August 20, 2008, titled "Raising of Long Term Capital Funds". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NO convert..share from TATA MOTORS
Posted by : Leave it.Tracked by: 0 Boarder
Tata Motors scraps convertible share issue
MUMBAI (Reuters) - Tata Motors Ltd, India's top vehicle maker, said on Wednesday it would scrap a planned 30 billion rupees ($686 million) convertible preference share issue due to weak stock markets and instead raise funds by selling some investments.
However the plan to sell rights shares worth 42 billion rupees stands, said the company, which is raising money to fund its $2.3 billion acquisition of Jaguar and Land Rover from Ford Motor Co.
The board of directors decided on the move, "taking into account the current situation in the capital markets and the change in level of prices in the stock markets since May 2008," it said in a statement.
Tata Motors shares, which ended 0.2 percent up at 424.05 rupees in the Mumbai market, are down 27 percent since May 29 when it announced the fund raising plan. The main share index has slid 10 percent during the period.
The company said it plans to sell its investments in a phased manner, preferably to group firms, at prevailing market prices over the next 6-8 months.
.The company, part of the conglomerate Tata group, said in July it had sold a 24 percent stake in its auto component unit to an associate firm and booked a profit of $27 million.
Tata Motors had planned to raise up to 72 billion rupees through three simultaneous but unlinked securities issues but now plans to go ahead only with the sale of two classes of rights shares, it said.
Funds raised through share sales in India in the first six months of 2008 fell 66 percent from a year earlier to $5.85 billion hurt by falling stock markets, Thomson Reuters data showed. The main share index is down 28 percent in 2008.
Hindalco Industries, India's top aluminium maker, last week said it would offer more rights shares than planned to after the stock market slide soured pricing. It hopes to raise $1.2 billion.
Source:yahoo india news
v.krishnamoorthy...
to be in reverse gear
Posted by : marketbearTracked by: 0 Boarder
Tata Motors will be in reverse gear going forward in short term as economic environments are not good for the sectors like high inflation, high interest rates. Lower target for the stock for short term is around 405...
Buy this Stock for 2 years
Posted by :
wbuffett001Tracked by: 0 Boarder
Dear boarder friends,
We have to understand the concerns of the stock markets on the purchase of JLR.
The synergies in purchase of JLR would have normally taken 2 to 3 years to be visible in this buyout , if the global auto scene was good.
But with recessionary conditions particularly more so in the global auto markets and with interest rates rising globally , Tata Motors consolidated profitability will be down atleast by 10 - 15 % in 2009 and 2010 ,with sluggish markets for their commercial vehicles for the next one year atleast.
Reg Nano, while the initial cost of the vehicle is definitely low, Maruti is expected to come out with a competitor to Nano at very close prices.
Also in the current inflationary conditions, two wheelers demand is going up ( Hero Honda had a sales growth of 40 %in June 2008 compared to June 2007) and four wheelers demand growth is flat even for Maruti presently.
All things considered Tata Motors is not a great bet over the next one year.
pl do your analysis before buying Tata Motors.
wbuffett001...
In reply to:
Buy this Stock for 2 years
Posted by : divyachadha
With the launch of Indica the Tata Motors Stock fell to new low. and when tata proved that it can capture market with indica, the stock rose up. Similar with Nano.....So buy is the only word.. 
tata motors
Posted by : ramu.gurazalaTracked by: 0 Boarder
Nano will release in September the stock will reach 700 in September not only nano air compressed car will be released by tata motors in next year so one can buy this stock with long-term target of 1200 and short term of 3months for 700 ...
Buy this Stock for 2 years
Posted by : divyachadhaTracked by: 0 Boarder
With the launch of Indica the Tata Motors Stock fell to new low. and when tata proved that it can capture market with indica, the stock rose up. Similar with Nano.....So buy is the only word.....
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
proper hands guidance is required to trade better in this stock...
now shd
Posted by : pkjattkingTracked by: 0 Boarder
stock will break resistance of 450 and stay above it for good........
In reply to:
now shd
Posted by : share..khoj
be shift in 5th gear what u feel
now shd
Posted by : share..khojTracked by: 0 Boarder
be shift in 5th gear what u feel...
Future of Tata Motors Scrip
Posted by : pkjattkingTracked by: 0 Boarder
Tata jaguar deal may b smarter than we all think.... at least they paid half what ford paid for these brands just a few years back.... this deal will give Tata motors an opening as a global automaker.... lots of new products in pipe line... including air car.... most likely land rover and jaguar models will b changed to more fuel efficient.......tata is thinking big n gearing up boyz..........
In reply to:
Future of Tata Motors Scrip
Posted by : jainvik7
The future depends on Nano and the Jaguar deal. Jaguar was not that impressive this time. Lets see if Nano creates a difference. I would say, try and average it out. Its a good buy at these levels. But again, things are pretty uncertain for the auto sector with the crude prices, soaring materials cost, increased loan rates etc etc. So many negative factors affecting this sector. Tough decision!!!
Future of Tata Motors Scrip
Posted by : pkjattkingTracked by: 0 Boarder
Tata jaguar deal may b smarter than we all think.... at least they paid half what ford paid for these brands just a few years back.... this deal will give Tata motors an opening as a global automaker.... lots of new products in pipe line... including air car.... most likely land rover and jaguar models will b changed to more fuel efficient.......tata is thinking big n gearing up boyz..........
In reply to:
Future of Tata Motors Scrip
Posted by : jainvik7
The future depends on Nano and the Jaguar deal. Jaguar was not that impressive this time. Lets see if Nano creates a difference. I would say, try and average it out. Its a good buy at these levels. But again, things are pretty uncertain for the auto sector with the crude prices, soaring materials cost, increased loan rates etc etc. So many negative factors affecting this sector. Tough decision!!!
Future of Tata Motors Scrip
Posted by : pkjattkingTracked by: 0 Boarder
Tata jaguar deal may b smarter than we all think.... at least they paid half what ford paid for these brands just a few years back.... this deal will give Tata motors an opening to a global automaker.... lots of new products in pipe line... including air car.... most likely land rover and jaguar models will b changed to more fuel efficient......Tata is gear up boyz.......
In reply to:
Future of Tata Motors Scrip
Posted by : jainvik7
The future depends on Nano and the Jaguar deal. Jaguar was not that impressive this time. Lets see if Nano creates a difference. I would say, try and average it out. Its a good buy at these levels. But again, things are pretty uncertain for the auto sector with the crude prices, soaring materials cost, increased loan rates etc etc. So many negative factors affecting this sector. Tough decision!!!
Future of Tata Motors Scrip
Posted by : jainvik7Tracked by: 0 Boarder
The future depends on Nano and the Jaguar deal. Jaguar was not that impressive this time. Lets see if Nano creates a difference. I would say, try and average it out. Its a good buy at these levels. But again, things are pretty uncertain for the auto sector with the crude prices, soaring materials cost, increased loan rates etc etc. So many negative factors affecting this sector. Tough decision!!!...
In reply to:
Future of Tata Motors Scrip
Posted by : rekris56
I bought Tata Motor scrip at Rs890 per share. When will see some profit in this counter?
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