Sources from New Delhi sources have stated that India’s Tata Motors Ltd said that it had no plans to list its luxury British car brand Jaguar Land Rover after Bloomberg reported that the automaker was considering an initial public offering of the unit.



Meanwhile a Tata Spokesman had told that "There are no plans to list Jaguar Land Rover and there is no truth in those rumors”. Previously in the day, news agency Bloomberg had reported that Tata Group is considering an initial public offering of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4 billion.

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Moreover Tata Motors has turned around Jaguar Land Rover since buying the business from Ford Motor Co., helping boost revenue more than seven fold between 2008 and 2015.


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SIBY HERALD

27/02/2018 08:29 AM