TOKYO, Oct 11 (Bloomberg) -- Tata Motors Ltd., India's biggest truckmaker, raised $750 million selling securities, allowing it to finish paying off debt from the takeover of Jaguar Land Rover.

The size of the offering was increased 25 per cent after the company met its initial fundraising target in less than an hour, according to a stock exchange statement today. The final sale comprised $375 million of global depository receipts and the same amount in convertible bonds.

Tata took advantage of demand for emerging-market stocks to help pare a 219 billion rupee ($4.7 billion) debt pile partly built up through its $2.5 billion purchase of Jaguar from Ford Motor Co. in 2008. The automaker has more than tripled this year in Mumbai trading, the best performance on the Sensitive Index, helped by the debut of the Nano, the world's cheapest car.

"Investors have comfort from the Tata name," said Surjit Singh Arora, a Mumbai-based analyst at Prabhudas Lilladher Pvt., who has an "accumulate" rating on the stock. "Tata Motors' domestic business is also improving month-on-month and this trend should continue."

Tata sold 29.9 million GDRs at $12.54 apiece and 4 per cent convertible notes due in 2014, it said. The GDR price is a 1.5 per cent discount to the closing price yesterday, it added. The GDRs and notes will be listed in Luxembourg.

Credit Suisse Group AG, Citigroup Inc. and JPMorgan Chase & Co. were managing the share sale.