UPDATE 1-Tata Motors to sell unit stakes to help fund deal

Newswire

MUMBAI, March 26 (Reuters) - India's Tata Motors Ltd will divest stakes in some of its units to help finance the deal to buy luxury brands Jaguar and Land Rover from Ford Motor Co , its chief financial officer said on Wednesday. Jaguar and Land Rover would continue to operate as separate brands after the acquisition by Tata Motors , India's top bus and truck maker, C. Ramakrishnan told a teleconference after the $2.3 billion deal was announced. For a story on the deal, see [ID:nnBOM127194] ...

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