tata, tata nano, tata motors españa, tatamotors.es, tata nano españa
written by indianachu
at Sunday, October 11, 2009
Tata Motors raises $750 million to pay down debt taken to buy Jaguar Land Rover
Tata Motors Ltd.’s decision to acquire Jaguar and Land Rover last year continues to haunt it but there appears to be relief in sight. Tata Motors raised $750 million by issuing global depositary receipts and convertible bonds to pay down debt from the $2.5 billion acquisition.
At the end of June, Tata Motors recorded a consolidated debt of about 240 billion rupees ($5.2 billion), says Autonews. Tata Motors shares dropped as much as 5.5% on Friday to 555.25 rupees, underperforming a 0.4% drop on the benchmark Sensex index. A term sheet had stated the price of the new GDRs was equivalent to 580.35 rupees per common share.Continued after the jump!
For more details : http://www.4wheelsnews.com/tata-motors-raises-750-million-to-pay-down-debt-taken-to-buy-jaguar-land-rover/
indianachu : 02
At the end of June, Tata Motors recorded a consolidated debt of about 240 billion rupees ($5.2 billion), says Autonews. Tata Motors shares dropped as much as 5.5% on Friday to 555.25 rupees, underperforming a 0.4% drop on the benchmark Sensex index. A term sheet had stated the price of the new GDRs was equivalent to 580.35 rupees per common share.Continued after the jump!
For more details : http://www.4wheelsnews.com/tata-motors-raises-750-million-to-pay-down-debt-taken-to-buy-jaguar-land-rover/
indianachu : 02
Posts
Chinese
French
German
Italian
Japanese
Korean
Russian
Spanish
