Monday, March 10, 2008
Tata seeks $3bn to fund Jag & LR deal
After emerging as the top bidder for Ford’s brands, the Indian carmaker has assigned its financial advisors Citigroup and JP Morgan to arrange the funding with a range of other international and domestic banks.
After emerging as the top bidder for Ford’s brands, the Indian carmaker has assigned its financial advisors Citigroup and JP Morgan to arrange the funding with a range of other international and domestic banks.
The loan is larger than anticipated, as the purchase of the two carmakers has been estimated to be worth around $2bn.
DATED: 10.03.08
FEED: MT
