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Tata Motors looking to raise Rs 3 bn in bonds
With expectations and participation being very low, expect markets to stay range-bound with 5100/5130 being a strong support, says Bhasin.
27 Apr 2012, 08:09 PM IST 
Nokia's flagship store in Helsinki.
Tata Motors is in talks with banks to raise Rs 3 billion via bonds, two bankers who have been approached said on Friday.
The maturity of the funds being raised is still under discussion, said these bankers.
"Tata Motors raises debt capital from time to time to increase its debt maturity profile and reduce its interest cost," a company spokesperson said.
Copyright @ Thomson Reuters 2012