Tata Motors will wrap up the Jaguar and Land Rover deal in the next few days, reports Business Standard.
The company is expected to pay USD 3 billion for the coveted brands.
Tata Motors, has agreed to most of the clauses put forward by Ford and Unite (workers union of the two brands), including the condition that Tata Motors (Q, N,C,F)* will not shift the manufacturing facilities of the two brands.
Tata Motors has appointed State Bank of India, J P Morgan Chase and Citigroup to fund the entire deal, mainly through short-term bridge financing.
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