Three rights issues for Rs 7,200 crore, overseas issue to fund JLR takeover
MUMBAI, MAY 28: The Tatas will approach investors with a mega fund raising plan. Tata Motors is planning to raise around Rs 9,600 crore through three rights issues and an issue of securities in foreign markets to fund its acquisition of Jaguar-Land Rover (JLR).
The automobile giant will raise Rs 2,200 crore through a rights issue of equity shares and another Rs 2,000 crore through issue of ‘A’ equity shares carrying differential voting rights.
