Stocks

Tata Motors' shares plunge 3.5%

Reuters | Updated on January 24, 2018 Published on March 24, 2015

Shares of Tata Motors today fell 3.5 per cent ahead of the company’s board meet on rights issue.

The board will meet on Wednesday to consider Rs 7,500 crore rights issue.

Tatas will use part funds to buy back non-convertible debentures maturing in March 2016.

According to traders, investors are concerned about the pricing of issue.

Published on March 24, 2015
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