The auto maker said that it had issued external commercial borrowing bonds of $250,000,000 5.75% senior notes 2024 (ECB bonds) on 30 October 2014, which are listed on the Singapore Exchange Securities Trading Limited.

The company has commenced a tender offer inviting the holders of the ECB bonds to offer to sell for cash to the company the ECB bonds held by such bond holders, subject to the terms and conditions set out in the tender offer memorandum dated 31 May 2023, issued by the company.

?The ECB bonds that have not been validly tendered and accepted for purchase by the company pursuant to the offer, will remain outstanding,? Tata Motors said in a statement.

Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses.

The auto major reported a consolidated net profit of Rs 5,407.79 crore in Q4 FY23 as against a net loss of Rs 1,032.84 crore recorded in Q4 FY22. Total revenue from operations jumped 35.05% YoY to Rs 1,05,932.35 crore in the quarter ended 31 March 2023.

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