Archive for Business

Tata Motors plans rights offer

by: ashok May 30, 2008

NEW DELHI: Tata Motors on Wednesday warned of “challenging times ahead” and announced raising of Rs 7,200 crore through three simultaneous but unlinked rights issues to fund its ambitious takeover of Jaguar and Land Rover marques from Ford.
In a first of its kind in the country, the company will introduce shares with differential voting rights, [...]