Tata Motors Ltd maker of Indica and Indigo cars has launched a fixed deposit scheme. The company announced the scheme through a newspaper advertisement on Monday.
A company has launched the scheme in order to raise money from the public at a time of serious liquidity crunch credit seizure and as the banks is not willing to lend the money.
Tata Motors will be offering 10 per cent for a one year deposit with senior citizens getting half a percent more.
Company has taken this move when it is fighting a mounting battle to raise cash to pay down the debt raised during the acquisition of Jaquar Land Rover last year.
Tata Motors stocks climbed down to near its 52-week low of Rs 122. At
5 comments:
Liquidity crisis all over the world has led to unfamiliar things
newport driving school
For Fixed Deposit India and Mutual Funds India Visit http://deal4investments.blogspot.com/
http://fixeddepositindia.blogspot.com
Investing in FD is good while the rates are high. This is the right time to invest in the Fixed Deposits.
Hey, I also saw the advert though quite late. Do you know whether this is the first time a corporate has gone direct for retail debt in this way or it has been done by someone earlier also?
If you want to invest in Tata Motors Fixed Deposit scheme, you can call me on 09341112162.
Abhishek Deshpande.
Post a Comment