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Moneycontrol > News > Business

Dec 11, 2008, 01.36 PM IST

Acquisition of Jaguar, Land Rover complete: Tata Motors

Tata Motors says the acquisition of Jaguar, and Land Rover is complete, reports CNBC-TV18. JLR's David Smith would continue as CEO post the takeover by Tata Motors.

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Acquisition of Jaguar, Land Rover complete: Tata Motors

Tata Motors says the acquisition of Jaguar, and Land Rover is complete, reports CNBC-TV18. JLR's David Smith would continue as CEO post the takeover by Tata Motors.

A consortium of banks has completed the formalities for raising the USD 3 billion. A major portion of the funds would come from Asia and UK markets through bridge loans.

Also Read: JLR deal to increase Indian auto cos stature: Bharat Forge

Earlier, Tata Motors had entered into agreement with Ford to buy JLR for USD 2.3 billion.

Also Read: Tata Motors-JLR deal: Prestige booster or financial gamble?

Also Read: Tata Motors ties up $3 bn in bridge finance to fund JLR buy

Also Read: Let JLR operate independently: Top Gear to Tatas

Also Read: Ind cheers Tata Motors-JLR deal but differ on road ahead

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Action in Tata Motors

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Sell Tata Motors, advises Ambareesh Baliga May 25, 16:00
Technicals
Tata Motors closes below 150-Day Moving Average of 289.34 today. May 24
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Sell Tata Motors 330 strike Calls, says Trivedi May 23, 15:00
Block Deals
Tata Motors Block Deal on NSE, Qty: 193,731, Deal Price: 291.00, Value (cr): 5.64, Time: 3:13pm May 22, 15:15
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Short Tata Motor, IRB Infra: SP Tulsian May 21, 19:30
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Buy Maruti Suzuki, Tata Motors: Rakesh Arora May 20, 19:45
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Don't buy Tata Motors now, says SP Tulsian May 20, 19:00
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Sell Tata Motors, advises Sudarshan Sukhani May 20, 14:45
Announcements
Tata Motors arm issues SGD 350mn senior fixed rate notes due 2018 May 20, 13:30
Announcements
Tata Motors arm issues S0mn senior fixed rate notes due 2018 May 20, 13:15
News
Tata Motors subsidiary issues $280 m senior notes May 18, 16:15
Views
Tata Motors to remain in Rs 280-310 range: Amit Trivedi May 17, 15:00
Views
Avoid Tata Motors, says Sukhani May 17, 11:15
Views
Book profits in Tata Motors around Rs 340: Parag Doctor May 16, 15:30
Block Deals
Tata Motors Block Deal on NSE, Qty: 219,077, Deal Price: 308.85, Value (cr): 6.77, Time: 12:26pm May 15, 12:30
Views
Tata Motors can test Rs 365: Prakash Diwan May 14, 18:15
Announcements
Tata Motors allots shares upon conversion of 4% FCC Note May 14, 18:00
News
Jaguar Land Rover sales rise 12% in April at 28,503 units May 14, 12:30
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Kotak Institutional Equities overweight on Tata Motors May 13, 16:15
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Sell Tata Motors 240 strike Puts at around Rs 0.55: Trivedi May 08, 19:30

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