At meeting held on 27 January 2015
Tata Motors announced that the Board of Directors of the Company at its meeting held on 27 January 2015, has decided to seek approval of the Shareholders' through a postal ballot for raising funds, upto Rs. 7,500 crore through a rights issue of Ordinary Shares and 'A' Ordinary Shares (having differential rights as to voting and dividend), for meeting the Company's growth plans as well as for reducing the debt on its balance sheet.The quantum, pricing and timing of the issue will be decided at a later point in time, depending upon the market conditions post Shareholders' and other approvals.
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