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Outcome of Board Meeting

| Updated on January 18, 2016 Published on January 18, 2016

Tata Motors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 18, 2016 have considered and approved:-

1. the appointment of Mr. Guenter Butschek as the Chief Executive Officer and Managing Director of the Company for a period of 5 years and he is expected to join by February 15, 2016. Mr. Butshek is not related to any of the Directors of the Company

2. the buy-back of Unsecured Non-Convertible Debentures (NCDs), as part of its Debt restructuring programme to ensure balanced maturity profile and / or better terms that would include lower cost of debt as follows:-

(i) NCDs aggregating Rs. 200 crores (2,000 NCDs of face value of Rs. 10 lakhs each) due to mature on November 30, 2018; and

(ii) NCDs aggregating Rs. 250 crores (2,500 NCDs of face value of Rs. 10 lakhs each) due to mature on May 28, 2019.

Pdf Link: >Outcome of Board Meeting

Source : BSE - >www.bseindia.com

Published on January 18, 2016
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