UPDATE 1-Smaller rights issue seen good for India's Tata Motors


(Adds detail, closing share price, byline) By Rina Chandran MUMBAI, Aug 21 (Reuters) - Shares in India's Tata Motors ended down on Thursday after having risen nearly 5 percent on 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 ...

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