Well, its a speculation as per this report
India’s largest conglomerate Tata Group is in the early stages of evaluating a bid for the Jaguar and Land Rover brands which, if completed, would rank among India’s biggest overseas takeover deals, The Daily Telegraph reported Wednesday .
Tata Motors, which is controlled by Ratan Tata, India’s best-known businessman, is understood to have instructed advisers to begin evaluating the merits of a joint offer for Jaguar and Land Rover, which have been earmarked for disposal by struggling American car giant Ford. Analysts suggest that Jaguar and Land Rover may fetch about USD 1.5 billion.
Sources told CNN-IBN that Tata Motors’ evaluation of a bid was at an “exploratory” stage and that speculation is rife that Tata Motors has already signed a confidentiality agreement with Ford in recent days.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.