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Tata Motors Limited - Tender Offer - Launch

Tata Motors Limited announces Tender Offer in respect of its U.S.$250,000,000 5.75 per cent. senior notes due 2024 (ISIN: XS1121908211)


31 MAY 2023


Full announcement including disclaimers and offer restrictions available via SGX


"31 May 2023. Tata Motors Limited (the “Issuer”) announces today an invitation to eligible holders of its outstanding U.S.$250,000,000 5.75 per cent. senior notes due 2024 (ISIN: XS1121908211) (the “Notes”) to tender for purchase by the Issuer for cash an aggregate principal amount of up to U.S.$125,000,000 (as such amount may be changed by the Issuer in its sole discretion) (the “Maximum Purchase Amount”) (the “Tender Offer” or the “Offer”)."


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"Rationale for the Tender Offer


The rationale for the Offer is, among other objectives, for gross debt reduction and management of the Issuer’s debt maturity profile."


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