Tata Motors Aquired Jaguar and Land Rover
Tata Motors acquired the Jaguar and Land Rover (JLR) businesses in an all-cash deal from Ford for Rs 9,200 crore. The acquisition financed through a 15-month, $3-billion bridge finance facility from a syndicate of banks.
Tata Motors' acquisition of two iconic British brands - Jaguar and Land Rover - was finally completed earlier this week. Well, it is true that their immediate previous owners were American, but the flavor of the two companies continues to be very Brit. Tata has acquired the two companies for about half the price that Ford paid their original owners when the latter acquired them in 1989.
Tata Motors' acquisition of two iconic British brands - Jaguar and Land Rover - was finally completed earlier this week. Well, it is true that their immediate previous owners were American, but the flavor of the two companies continues to be very Brit. Tata has acquired the two companies for about half the price that Ford paid their original owners when the latter acquired them in 1989.
posted by Stock Market at
11:48 PM
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