Project Report on Capital Structure of Tata Motors

Topics: Tata Motors, Tata Group, Debt Pages: 39 (7317 words) Published: June 25, 2011
FORE SCHOOL OF MANAGEMENT

CORPORATE FINANCE
Capital Structure in TATA Motors

Course: PGDM

Capital Structure in TATA Motors

Corporate Finance

ACKNOWLEDGEMENT

The preparation of this project report was a multi-staged process and each stage involved contributions from various individuals and resources. We are greatly thankful to Dr. Himanshu Joshi, Lecturer in Corporate Finance who gave us an opportunity to work on this project. We express our profound sense of gratitude and veneration to you for your deep insights and patient guidance have provided us with valuable qualitative data that have formed the backbone of this study.

Capital Structure in TATA Motors

Corporate Finance

TABLE OF CONTENTS
Acknowledgement ............................................................................................................................ 2 introduction ...................................................................................................................................... 5 Facts And Figures ......................................................................................................................... 5 Company’s Profile ........................................................................................................................ 7 Board of Directors......................................................................................................................... 7 Operations ........................................................................................................................................ 8 Tata In India.................................................................................................................................. 8 Tata's Global Operations ............................................................................................................... 8 Tata Motors Technology And Design Subsidiaries ........................................................................ 9 Telco Construction Equipment (Telcon) ........................................................................................ 9 HV Transmission (HVTL) and HV Axles (HVAL) .......................................................................... 9 Tata Technologies Limited (TTL) .................................................................................................. 9 Shareholding Pattern ................................................................................................................... 10 Objective 1: Theories of Capital Structure and their Applicability w.r.t. TATA Motors ................... 11 Capital Structure......................................................................................................................... 11 Net Income Approach.................................................................................................................. 11 Applicability of NI Approach ....................................................................................................... 12 Net Operating Income Approach ................................................................................................. 13 Applicability of NOI Approach .................................................................................................... 13 Modigliani-Miller Proposition with Corporate Taxes .................................................................. 14 Applicability of MM Theory ........................................................................................................ 14 Pecking Order Theory ................................................................................................................. 15 Applicability of Pecking Order Theory ........................................................................................ 16 Objective 2: To Analyze The Capital Structure Of Tata Motors On Various Aspects, Viz. Return, Risk, Flexibility, Capacity And Control Etc....
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