Tata to tap market for at least 100 mln stg - FT

Newswire

LONDON, Aug 31 (Reuters) - Tata Motors plans to raise at least 100 million pounds ($162 million) for its UK car-makers Jaguar and Land Rover, the Financial Times reported on its website on Monday, citing Ravi Kant, the carmaker's vice chairman. Tata Motors, India's largest vehicle maker, posted a consolidated loss for its fiscal first quarter on Monday, but said it remained confident about the prospects of its loss-making Jaguar and Land Rover (JLR) unit, whose sales fell by about 52 ...

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