Tata Motors Said to Consider Raising Overseas Funds

Tata Motors Ltd., the owner of Jaguar Land Rover, is considering raising funds overseas to reduce debt, said two bankers familiar with the matter.

The company may raise about $500 million in external commercial bonds, the bankers said, declining to be identified as the information is private. The plan is still in its early stages and the company is considering the option of a perpetual bond, one of the bankers said.