Tata Motors today said it will consider the price and other details for its proposed Rs 4,200 crore rights issue on September 2.
The company in a filing to the BSE said that it would "determine detailed terms of the proposed rights issue of ordinary shares and 'A' ordinary shares aggregating up to Rs 4,200 crore, including the issue price, on September 2."
Last week, the company had scrapped its Rs 7,200 crore rights issue after taking into account the situation in the capital market and the drop in its share prices since May.
The company had said that it would not raise Rs 3,000 crore through issue of convertible preference shares.
In May, Tata Motors had said it would raise about Rs 7,200 crore through rights issue of shares to part finance its $2.3 billion Jaguar-LandRover acquisition.
Shares of Tata Motors closed at Rs 440.35, up 5.44 per cent on the BSE.
