Five global and three local investment bankers have agreed to underwrite more than half the Tata MotorsBSE 0.01 % Rs 7,500-crore rights offer, the largest that India has seen, said people with knowledge of the plan. The underwriting, to the tune of about $700 million or Rs 4,200 crore, is also the largest for such an issue in the country.
Investment bankers lap up Rs 7,500 crore Tata Motors rights issue
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