Tata seeks $3 billion loan for JLR deal

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New Delhi, Mar 7, 2008: According to industry sources, Tata Motors is seeking about $3 billion in loans to carry forward its much talked about purchase of Ford"s luxury brands- Jaguar and Land Rover.

Reportedly, Tata has assigned its advisers, Citigroup and JP Morgan, to arrange the financing with a number of other international and domestic banks.

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