| FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the Month of June 2010 Commission File Number: 001-32294 TATA MOTORS LIMITED (Translation of registrant's name into English) BOMBAY HOUSE 24, HOMI MODY STREET, MUMBAI 400 001, MAHARASHTRA, INDIA Telephone # 91 22 6665 8282 Fax # 91 22 6665 7799 (Address of principal executive office) |
| Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form
40-F. Form 20-F [ x ] Form 40-F [ ] |
| Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1):
Yes [ ] No [ x ] |
| Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7):
Yes [ ] No [ x ] |
| Indicate by check mark whether by
furnishing the information contained in this Form, the Registrant is also
thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934:
Yes [ ] No [ x ] |
| If 'Yes' is marked, indicate below the file number assigned to the registrant in connection with Rule 12g 3-2(b): Not Applicable |
| TABLE OF CONTENTS | |
| Item 1: | Form 6-K dated June 28, 2010 along with the Press Release. |
| SIGNATURE | |
|
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorised. | |
| Tata Motors Limited By: /s/ Hoshang K Sethna Name: Hoshang K Sethna Title: Company Secretary Dated:June 28, 2010 | |
|
| |
| TATA MOTORS LIMITED | |||||||
| Bombay House 24, Homi Mody Street, Mumbai 400 001, Maharashtra, India |
RAISING OF LONG TERM CAPITAL FUNDS
Mumbai, June 28, 2010:At the Board Meeting of the Company held today, the Board, inter alia, decided to seek Shareholders' approval through a Postal Ballot for raising funds equivalent to about Rs.4,700 crores through a combination of issue of Ordinary Shares, 'A' Ordinary Shares, Convertible Bonds, Debentures, Warrants or other equity linked instruments in the domestic and/or international markets in one or more tranches.
The above fund raising proposals will be for meeting the Company's growth plans as well as for reducing the debt on its balance sheet.
The timing and structure of the issues will be decided depending upon market conditions post Shareholders' and other approvals.The Board also considered appropriate to seek Shareholders' approval for raising the limits for borrowings and for creation of security on the Company's properties from Rs.20,000 crores to Rs.30,000 crores.
About Tata Motors.
Tata Motors is India s largest automobile company, with consolidated revenues of INR 70,938.85 crores ($ 14 billion) in 2008-09. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 4 million Tata vehicles plying in India, Tata Motors is the country s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com )Safe Harbor: Statements included herein may constitute "forward-looking statements". Forward-looking statements are based on expectations, forecasts and assumptions by management and involve risks, uncertainties, and other factors that may cause our actual results, performance or achievements to materially differ from those stated. We cannot be certain that any expectation, forecast or assumption made by management in preparing these forward-looking statements will prove accurate, or that any projection will be realized. More detailed information about these and other factors that could affect future results is contained in our annual reports and filings with the Securities and Exchange Commission. Our forward-looking statements pertain to the date of their initial issuance, and we do not undertake to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.