Tata Motors ...investors sentiment bearish ....see small traders selling in small quantities and someone is buying in bulk to maintain its price at higher rate ..see volume of large green candles..
News
Debasis Ray, a spokesman for Tata Motors, declined to comment on the share sale.
The issue includes $550 million of so-called A shares with differential voting rights, the people said. The Mumbai-based company initially planned to sell $325 million of A-shares with an option to increase the offer in response to demand, according to a statement to the Bombay Stock Exchange today. The automaker also sold $200 million of ordinary shares, the people said.
Citigroup, Credit Suisse
Citigroup Inc. and Credit Suisse Group AG managed the sale, according to the statement. Tata Motors offered the ordinary shares at 1,074 rupees each and the A shares at 764 rupees, according to a term sheet seen by Bloomberg News.
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