Tata seeks $3 billion loan for JLR deal

By Staff

Published: Friday, March 7, 2008, 14:39 [IST]

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.

Watch Video