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Public borrowing is an 'ongoing requirement': Tata Motors

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    • Agencies Tags : business, india, tata motors, public borrowing, ongoing requirement Posted: Tuesday , Dec 02, 2008 at 1723 hrs
    Tata motors
    Tata Motors said its move to raise capital by borrowing from the public will be for its ‘ongoing requirement’.

    The rights issue closed in October with a weak response from the public, forcing the promoters to subscribe a major chunk, thereby taking their holding to 42 per cent from the earlier 33 per cent.

    The share of the company on Tuesday closed 3.28 per cent, down at Rs 128.40, on the Bombay Stock Exchange.

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