“Jaguar Land Rover cannot be listed” says Tata Motors
Sources from New Delhi sources have stated that India’s Tata Motors Ltd said that it had no plans to list its luxury British car brand Jaguar Land Rover after Bloomberg reported that the automaker was considering an initial public offering of the unit.
Meanwhile a Tata Spokesman had told that "There are no
plans to list Jaguar Land
Rover and there is no truth in those rumors”.
Previously in the day, news agency Bloomberg had reported that Tata Group is considering an initial public offering of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4 billion.
Moreover Tata Motors has turned around
Jaguar Land Rover since buying the business from Ford Motor Co., helping
boost revenue more than sevenfold between 2008 and 2015.