Tata Motors Said to Market $500 Million Loan to Banks Next Month
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Tata Motors Ltd., the Indian owner of Jaguar Land Rover, hired State Bank of India to help it borrow $500 million in a term loan, according to a person familiar with the matter.
The two-part facility consists of a $200 million portion which matures in five years and a $300 million portion which matures in seven, the person said, asking not to be identified as details are private.