Tata Said to Hire Citi, Credit Suisse for Fundraising
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Tata Motors Ltd., the owner of Jaguar Land Rover, hired Citigroup Inc. and Credit Suisse Group AG to raise as much as $1 billion from selling securities, two people with knowledge of the matter said.
The carmaker may tap capital markets in the next month, the people said, declining to be named before a public announcement. The Mumbai-based company is considering options including a private placement, shares with differential voting rights and foreign currency convertible bonds, they said.