Tata Motors acquired Ford’s British marquees Jaguar and Land Rover for 2.30 billion dollars in an all cash deal, sealing a deal that it pursued for nine months.
Under the deal, Tata would continue to source engine from Ford, which would be paying about 600 million dollars toward the pension liabilities of Jaguar-Land Rover employees.
Tata Motors will fund the deal through existing cash reserves and new debt facilities which will be raised at the company’s level