Date:21/08/2008 URL: http://www.thehindu.com/2008/08/21/stories/2008082160702000.htm

Business

Tata Motors alters fund raising plan

NEW DELHI: The volatile market condition has forced Tata Motors to alter its plans to raise Rs. 7,200 crore long-term capital funds, with the company on Wednesday saying it will sell off part of its certain investments to finance the acquisition of Jaguar and Land Rover. The company board decided to keep the increase in share capital as low as possible.