Tata Motors allots 23.13 cr shares to Tata Sons on conversion of warrants

The Board of Tata Motors at its meeting held on 29 January 2021 has approved the allotment of 23,13,33,871 Ordinary Shares of face value Rs. 2 each to Tata Sons upon exercise/conversion of 23,13,33,871 Convertible Warrants to Ordinary Shares at a price of Rs. 150/- per share (on receipt of Rs 112.50 per warrant - being 75% of the balance warrant issue price), which were allotted pursuant to and in terms of shareholders` approval dated 22 November 2019.

Pursuant to the allotment of said Ordinary Shares, the total subscribed and paid up capital of the Company has increased from 3,597,476,790 equity shares of Rs. 2 each to 3,828,810,661 equity shares of Rs.2 each.

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