May 18, 2013, 04.44 PM IST
TML Holdings Pte Ltd, a Tata Motors subsidiary, had issued and allotted S$350 million of senior notes due 2018. Singapore Pte Ltd, Deutsche Bank AG , Singapore Branch and Standard Chartered Bank acted as joint lead managers and joint bookrunners.
The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel conglomerate Tata Group, said in a statement on Saturday.
Net proceeds from the issue will be used to redeem preference shares issued to Tata Motors and for general corporate purposes, the company said.
Singapore Pte Ltd, Deutsche Bank AG , Singapore Branch and Standard Chartered Bank acted as joint lead managers and joint bookrunners.
Tata Motors stock price
On December 12, 2013, at 14:07 hrs Tata Motors was quoting at Rs 362.15, down Rs 15.65, or 4.14 percent. The 52-week high of the share was Rs 405.00 and the 52-week low was Rs 252.10.
The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company was 6.09.
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