JLR starts talks for ~£1b five-year term loan
Jaguar Land Rover has begun talks with global banks to raise about £1 billion via a five-year term loan, though lenders are reportedly weighing uncertainty around Tata Group leadership.
Jaguar Land Rover, backed by Tata Motors, has started discussions with global banks to raise about 1 billion through a five-year term loan, people familiar with the matter said. The talks come as uncertainty around the leadership of the Tata Group could influence lenders' decisions.