Jaguar Land Rover Seeks $500 Million Offshore Loan
Jaguar Land Rover Automotive, the British arm of Tata Motors Ltd, is planning to raise $500 million through an offshore loan, according to a company statement, joining a flurry of dollar debt deals from Indian conglomerates.
Proceeds raised will partially refinance an existing $800 million loan maturing in January. The company is in talks with a group of banks, with which it has relationships, according to the statement.
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