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‘Tata Motors in talks to raise up to $500 mn overseas’

‘Tata Motors in talks to raise up to $500 mn overseas’
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First Published: Wed, Jun 08 2011. 12 19 PM IST
Updated: Wed, Jun 08 2011. 12 19 PM IST
Mumbai: India’s largest truck and bus maker, Tata Motors , plans to raise up to $500 million overseas through external commercial borrowings over the next two months, two sources with the knowledge of the deal told Reuters.
The company, which also makes cars from Jaguar and Land Rover to the Nano, is in talks with bankers for arranging the issue, the sources said.
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First Published: Wed, Jun 08 2011. 12 19 PM IST
More Topics: Tata Motors | Funds | Borrowings | Auto | JLR |