India’s Tata Motors may buy back Rs. 12.5 billion debentures due 2016

By Devika Patel

Knoxville, Tenn., March 20 – Tata Motors Ltd. informed the Bombay Stock Exchange it will consider buying back its secured, non-convertible debentures at a board of directors meeting on March 25.

The Rs. 12.5 billion of debentures were issued in May 2009 and are due on March 31, 2016. They will be bought back as part of the company’s debt restructuring program.

Tata Motors is an auto maker based in Mumbai, India.

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