Similarly, on the National Stock Exchange Tata Motors opened at Rs 304.35, then rose to its day's high of Rs 346.45, a jump of 13.33 per cent from its last close. The scrip was later trading at Rs 350.40, up 14.70 per cent on the BSE and at Rs 344.60, up 12.72 per cent on the NSE. On the volume front, good movement was seen as over 24 lakh shares exchanged hands on both the bourses. According to media reports, Tata Motors has raised Rs 1,250 crore through issue of non-convertible debentures to Life Insurance Corporation of India. The debt is reportedly part of a larger fund-raising programme to refinance the bridge loan taken at the time of the Jaguar Land Rover acquisition.