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Fri, Mar 23, 2018 | Last Updated 12:36 pm IST

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Tata Motors says Jaguar Land Rover cannot be listed

Tata Motors says Jaguar Land Rover cannot be listed
Tata Motors says Jaguar Land Rover cannot be listed
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

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.

Tata Motors says Jaguar Land Rover cannot be listed

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.

Tata Motors says Jaguar Land Rover cannot be listed
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