Tata Motors to Raise $1 Billion to Pare Jaguar, Land Rover Debt
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Tata Motors Ltd., the Indian owner of Jaguar and Land Rover, plans to raise as much as 47 billion rupees ($1 billion) to expand operations and pare debt accumulated for the purchase of the luxury brands.
“The timing and structure of the issues will be decided depending upon market conditions post shareholders’ and other approvals,” Tata Motors said in the statement today.