Tata seeks $3bn in loans for Jaguar, Land Rover takeover


Tata Motors is seeking loans of about $3bn to fund its planned purchase of Ford Motor Co’s luxury UK brands Jaguar and Land Rover. Tata has assigned Citigroup and JPMorgan, its financial advisers on the acquisition.

jaguar_xk_convertible-_liquid-silver.jpg

(Jaguar XK Convertible in Liquid Silver - Photo Credit: jaguar)

India’s Tata Motors is expected to sign a memorandum of understanding in the next two weeks, reported reuters on Friday. The loan, expected to be mostly short-term bridge financing, is larger than the expected purchase price.

Tags :, , , , , , , , , ,

You may also be interested in:

COMMENTS


  1. […] z wrote an interesting post today onHere’s a quick excerptTata Motors is seeking loans of about $3bn to fund its planned purchase of Ford Motor Co’s luxury UK brands Jaguar and Land Rover. Tata has assigned Citigroup and JPMorgan, its financial advisers on the acquisition. … […]


  2. […] Tata emerged as the preferred Jaguar and Land Rover acquisitions bidder, business and financial risk profile of the company is at high […]

LEAVE A COMMENT

Trackback URI | Comments RSS

+ Sections

Recent Features+

+ Our Hosting





Hosted at 1and1
Domain Name by Dreamhost



+ Email Subscription

Enter your email address: