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Originally Posted by kkr2k2  where would the TATAs get that kind of money, I heard in the chorus deal, TATAs pooled money from all the TATA companies(TCS had lot of money). Did they not touch the TATA motors kitty??
raj. |
This is a fraction of the $12 billion that Tata Steel paid for acquiring UK-based steel-maker "Corus". Besides Land Rover is already making money, Jaguar is the only challenge.
Last year Tata Tea bought a 30-per cent stake in Energy Brands for $677 million, in what was the largest overseas acquisition by a private sector Indian company. The deal values the company at $2.3 billion.
No doubt that the Land Rover and Jaguar deal would be expensive. But it would surely bring Tata into the ranks of global car makers and open several new opportunities.
Hope Tata Motors clinches the deal and make the Indians proud.
