Tata Motors shares down nearly 3pc

MUMBAI, Jan 28 (PTI): Shares of Tata Motors today came under selling pressure by falling nearly 3 per cent, eroding Rs 68.76 billion from its market valuation, even as the company plans to raise up to Rs 75  billion via rights issue.

After falling 2.96 per cent to Rs 587.15 in intra-day trade, shares of Tata Motors finally ended at Rs 589.15, down 2.64 per cent at the BSE.

On the NSE, it settled 2.73 per cent lower at Rs 588.05. Tracking weakness in the stock, the company's market value dipped by Rs 68.76 billion to Rs 1587.22 billion.