Rover businesses to India's Tata Motors Ltd. in a deal that will net
the struggling U.S. automaker about $1.7 billion — roughly a third of
the price it paid for the two luxury brands. The deal announced
Wednesday will expand the Indian carmaker's reach around the globe...
Tata will pay $2.3 billion for the British brands, but at closing,
Ford will pay about $600 million into the Jaguar-Land Rover pension
fund, Tata's statement said."
Tata is one Indian company that has been growing slowly and steadily.
In the recent past, Tata has acquired several overseas companies
worldwide. The Tata group established in 1859 is a multinational
conglomerate based in Mumbai, India. Tata Group is the largest private
company in India with interests in steel, automobiles, information
technology, communication, power, tea and hotels.
J.R. D. Tata who took over sharimanship of the company in 1938 was
instrumental in taking this company from Rs 62 crore (Rs 620 million)
in 1939 to over Rs 10,000 crore (Rs 100 billion) in 1990. The current
Chairman Rattan Tata, is an architect by profession, and has continued
to steer the Tata Group to greater heights.
Read the full article about the Ford buyout at --
http://news.yahoo.com/s/ap/20080326/ap_on_bi_ge/ford_jaguar
For a list of other overseas acquisitions by Tata go to--
http://economictimes.indiatimes.com/News/News_By_Industry/Major_overseas_acquisitions_by_Indias_Tata_Group/articleshow/2900293.cms
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