Tata Motors Intended Around $525m Shares Sale

Tata MotorsTata Motors is likely to start a $525-million to institutional on Fri, 2 sources along with direct knowledge mentioned.

In June, company had said it intended to improve about $1.1 billion via a mix of , , and other equity-linked tools to cut debts as well as develop it’s business.

The Tata Motors , that had net debt around $4 billion on it’s books at the conclusion of Mar 2010, has decreased it’s debt-to-equity percentage to 2.05 from 4 in Mar 2009.

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