MUMBAI |
MUMBAI Feb 25 (Reuters) – Indian truck and carmaker Tata
Motors (TAMO.BO) has no plans to list its Jaguar Land Rover
unit in London, the company said, denying a TV report it had
initiated talks with banks.
“That is completely untrue. There is no such plan,” Debasis
Ray, a spokesman for Tata Motors, told Reuters.
Citing sources familiar with the matter, the ET Now
television channel had reported on Thursday the Jaguar Land
Rover unit would most likely be listed in 2012.
Banking sources told Reuters a JLR listing was unlikely in
the next 12 months as the company was still in the process of a
turnaround.
Tata bought the British luxury brand from Ford Motor Co
(F.N) for $2.3 billion in 2008.
(Reporting by Neha Singh; Editing by Ranjit Gangadharan)