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Friday, March 28, 2008

Tata's on Top Gear




One more feather added to tata's cap... now Tata is ready to drive Jaguar, rover..
Tata motors drives home fame by sealing the deal on Jaguar and rover from Ford motor company for approximately US $2.3 billion(roughly Rs.9,200 crore) on wednesday. Ford motors the third largest automobile company in the world suffered a loss of $15 billion in the last 2 years decided to sell Jaguar and Land Rover. Other bidders including Tata were M&M, PE players Cerberus, Ripplewood...

Tata's acquisitions for the past 8 years

Company acquired deal value

Tetley gp (feb 2002) 271 million euro
Regent hotels(sep 2002) Rs. 450 crore
Hughes Telecom(india)(dec 2002) Rs. 859 crore
Daewoo commercial Korea(mar 2004) korean won 120 bn($ 102 million)
Natsteel Asia, singapore(feb 2005) $480.10 million
Eight 'o clock coffee(jun 2006) $220 million
Energy brands Inc(oct 2006) $677 million
Tata steel chorus(jan'07) $11.3 billion
Tata power Bumi Resourses Indonesia $1.1 billion
(mar'07)
Tata motors Jaguar- Land Rover(mar'08) $2.3billion

Thus Tata motors acquiring world class car brands and reaching achme... hail Tata

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