Tata Motors to raise $1 bn for its projects

New Delhi, March 13, 2008 : According to official sources automobile giant, Tata Motors pappropriate securities in the foreign and domestic markets to finance its various future projects.

The funds to be raised will be over and above the Rs 10,000 to Rs12,000 crlans to raise one billion dollars or Rs 4,000 crores by issuing ore capital expenditure or capex plan announced earlier by the company for increasing capacity and launching new products in Indian and overseas markets.

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