Tata to increase Rs150 bn more in their business

Published On Dec 25, 2008 03:15 PM By CarDekho

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Tata motors are all decessive to raise the money from by Rs.150 billion by making benifits from the exisiting Rs.130 billion, and that too by raising the sale through the equity shares of the company ina telecom arm. Along with this the company has also launched prizes with the purchases of Jaguar and the Land Rover. By raising the prize money for these two model variants the Tata group is expecting the support from even UK and Dutch governments. Money has also been raised through the resource mobilizations of the securities kept already. For increasing the business prospects the Tata group is also looking for the talks with the British and the Neitherland governments. The securities and exchange board of India had already asked the Japanese NTT DoCoMo group to take the decession on the offer sale of 26% equity for the Tata Teleservices. The process of raising the public deposit started with Rs27 billion from thepublic deposits and they have reached to Rs100 billion to raise the selling of the loan pools, and that too to some big group company.

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