by Amruth Sundarkumar | Jun 1, 2023 | High Yield Bonds, India
Tata Motors launched a tender offer to buy back a maximum of $125mn of its outstanding $250mn 5.75% 2024s at a price of 100.5. The notes are currently trading at 99.25, yielding 6.31% and thus the buyback price is at a slight premium to its market price. It said that...
by Amruth Sundarkumar | Dec 13, 2022 | Corporates, India
Tata Motors is planning to sell a part of its overall 74.43% stake in Tata Technologies via an IPO. The planned IPO could be the first from a Tata Group company in years. This comes after Tata Motors in 2018 called off a deal to sell ~43% of its stake in Tata...
by Amruth Sundarkumar | Jul 28, 2022 | Corporates, India
India’s Tata Motors reported a widening net loss of INR 49.5bn ($620mn) on a consolidated basis for the quarter ended June 2022, vs. a net loss of INR 44.5bn ($560mn) a year ago. While the company’s revenues grew 8.3% YoY to INR 719.3bn ($9bn), global arm...
by Amruth Sundarkumar | May 31, 2022 | Corporates, India
Tata Motors’ subsidiary, Tata Passenger Electric Mobility Ltd (TPEML), and Ford India Private Limited (FIPL) have signed a Memorandum of Understanding (MOU) for the potential buying of FIPL’s Gujarat based Sanand vehicle manufacturing facility. This includes...
by Amruth Sundarkumar | May 13, 2022 | Corporates, India
Tata Motors reported a consolidated net loss of INR 9.92bn ($128mn) in the quarter ending March 2022, narrowing the net loss from INR 75.85bn ($980mn) in the previous year. The automaker posted revenues of INR 784bn ($10.1bn),11.5% lower YoY on account of lower Jaguar...
