Tata Motors Said to Raise $750 Million in Share Sale
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Tata Motors Ltd., the owner of Jaguar Land Rover, sold $750 million of stock to reduce debt after investors bid for more than three times the shares originally on offer, said three people with direct knowledge of the matter.
The share sale, which started Oct. 1, was increased from $525 million because of the demand from institutional investors, the people said today, declining to be identified before an official announcement.