Tata Motors plans to raise $1.7 bln for Jag deal


MUMBAI, May 28 (Reuters) - Tata Motors Ltd , India's top truck and bus maker, said on Wednesday it plans to raise about 72 billion rupees ($1.7 billion) through three simultaneous but unlinked rights issue to help fund its purchase of the Jaguar and Land Rover brands. The company, also India's No. 3 car maker after Maruti Suzuki and South Korea's Hyundai Motor , said it expected to complete the $2.3 billion acquisition of the two brands from Ford Motor Co shortly. Tata Motors reported a ...

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