As of March 31, 2020, the company had cash and cash equivalent of Rs 4,700 crore, and undrawn credit facility of Rs 1,500 crore, the company said.
To further shore up the liquidity, the company has issued commercial papers of Rs 3,500 crore and also raised Rs 1,000 crore through non-convertible debentures (NCDs), it said.
At 10:08 AM, the stock was up 3.73 per cent against 1.05 per cent rise in the S&P BSE Sensex. Around 3.8 crore shares changed hands on the NSE and Bse combined so far. In the last one week till June 2, Tata Motors
had surged 14.06 per cent as compared to 7.02 per cent gain in the S&P BSE Sensex.