Mumbai — Tata Group is considering an initial public offering for Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4bn, people with knowledge of the matter said. Senior Tata Group officials have held preliminary internal talks over the past few months about the potential listing of Jaguar Land Rover on an international stock exchange, said the people, who asked not to be identified because the information is private. The conglomerate is weighing London and New York as possible listing venues for Jaguar Land Rover, which is a unit of Tata Motors, one of the people said. A spokesman for Tata Group, which has 29 listed companies, said "there are no plans to list JLR". A representative for Tata Motors said "there is no truth in the information", without elaborating. Shares of Tata Motors rose as much as 2.8% in Mumbai. Revenue boost The Indian company has turned around Jaguar Land Rover since buying the business from Ford, helping boost revenue more ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.