India Tata Motors shares up on smaller rights issue

Newswire

MUMBAI, Aug 21 (Reuters) - Shares in India's Tata Motors rose nearly 5 percent early on Thursday as investors cheered its decision to scrap a planned 30 billion rupee ($686 million) convertible preference share issue. India's top vehicle maker said late on Wednesday it would cancel the issue due to weak stock markets, and instead raise funds by selling some investments over the next six to eight months, within the Tata group where possible. It will now raise 42 billion rupees from two ...

Premium Content (PAID Subscription Required)

"India Tata Motors shares up on smaller rights issue" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×