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Tata Motors Ltd's Jaguar Land Rover To Raise INR2,100 Crore (INR21 Billion) To Fund Growth-The Economic Times

Wednesday, 23 Jan 2013 07:26pm EST 

The Economic Times reported that Tata Motors Ltd-owned Jaguar Land Rover said it will raise $400 million (over INR2,100 crore) through issue of bonds to support operational costs and future growth plans. The notes will be guaranteed on a senior unsecured basis by Jaguar Land Rover, Land Rover, Jaguar Land Rover North America, Land Rover Exports and Jaguar Land Rover Exports, it added. The net proceeds from the issuance and sale of the notes will be used for general corporate purposes, including to support Jaguar Land Rover's ongoing growth and capital spending plans, the Company said. 

Company Quote

-2.5 -0.48%
23 Oct 2014