Tata Motors is seeking about USD 3 billion in loans to fund its planned purchase of Ford Motor Co`s Jaguar and Land Rover luxury brands, reports Financial Express.
Tata has assigned its advisers, Citigroup and JPMorgan, to arrange for the funds with a number of other international and domestic banks.
The loan, expected to be mostly short-term bridge financing, is larger than the expected purchase price, estimated at around USD 2 billion.
|
