New Delhi, March 27 -- Blue-chip auto company Tata Motors informed exchanges on Thursday, March 27, that its board approved the allotment of 2,00,000 NCDs amounting to Rs.2,000 crore on a private placement basis.

"We wish to inform you that the Board constituted Committee has today approved allotment of 2,00,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures in multiple series/tranches of face value Rs.1,00,000/- each at par aggregating Rs.2000 crore on private placement basis," Tata Motors said in a filing today.

The Tata group company has allotted 50,000 NCDs to HDFC Bank in Tranche I, 10,000 NCDs to Reliance General Insurance Company and 60,000 NCDs to BNP Paribas as part of Tranche II.

Additionally, it has allotte...