Tata raises $750M in equity, debt (Dealscape

India's Tata Motors Ltd. said Friday it raised $750 million in equity and debt to pay down debt from its purchase of British automaker Jaguar Land Rover from Ford Motor Co. in June 2008.

In a statement, the Mumbai company said it issued 29.9 million Global Depositary Shares at $12.54 apiece, to raise $375 million and 3,750 convertible notes, with a 4% coupon and at $100,000 a note, for the remaining $375 million. It will list both the GDSs and the notes on the Luxembourg Stock Exchange.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

125 articles related to Tata Motors Ltd.
93 in-depth reports of M&A deals in the Automotive sector from the past year
64 articles related to Jaguar Land Rover
60 in-depth transaction records for Ford Motor
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Tata raises $750M in equity, debt Posted on October 10, 2009 7:30 AM India's Tata Motors Ltd. said Friday it raised $750 million in equity and debt to pay down debt from its purchase of British automaker Jaguar Land Rover from Ford Motor Co. in June 2008. In a statement, the Mumbai company said it issued 29.9 million Global Depositary Shares at $12.54 apiece, to raise $375 million and 3,750 convertible notes, with a 4% coupon and at $100,000 a note, for the remaining $375 million. It will list both the GDSs and the notes on the Luxembourg Stock Exchange. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 125 articles related to Tata Motors Ltd. 93 in-depth reports of M&A deals in the Automotive sector from the past year 64 articles related to Jaguar Land Rover 60 in-depth transaction records for Ford Motor 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.