Profit

Tatas formally take over Jaguar, Land Rover

PUBLISHED ON: June 2, 2008 | Duration: 2 min, 43 sec

  
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Tata Sons and Tata Motors Chairman Ratan N Tata on Monday formally acquired the prestigious Jaguar and Land Rover (JLR) businesses from Ford Motor Company at a ceremony in Gaydon, Britain. The business has been acquired for a net $2.3 billion March 26 in an all-cash transaction. Ford has contributed around $600 million in the JLR pension plans, an announcement by Tata Motors Ltd said in Mumbai.
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