Tata Motors, has completed the
acquisition of Jaguar Land Rover business from Ford Motor Co for a net
consideration of $2.3 billion (approx Rs.9,200 crore) in an all-cash transaction.
The purchase consideration, includes
the ownership by Jaguar and Land Rover or perpetual royalty-free licenses of all
necessary intellectual property rights, manufacturing plants, two advanced
design centres in the UK and worldwide network of national sales companies.
Tata Motors, also entered into
long-term agreement with Ford for supply of engines, stampings and other
components to Jaguar Land Rover.
Also See:
Ford Motors, Tata
Motors signs agreement to sell Jaguar Land Rover (27-Mar-08)