5 steps to here
Tata motors back in the black
1. March 2008 Tata Motors buys Jaguar Land Rover (JLR) for $2.3 billion.
2. October 2008 Tata Motors goes for a Rs 2,000 crore DVR issue. It is heavily undersubscribed.
3. June 2009 Tata Motors posts a loss of Rs 2,505 crore for 2008-09, dragged down by a net loss of 281 million at JLR.
4. September 2010 JLR's September sales grow by 16 per cent to 19,528 units.
5. October 2010 Tata Motors share issue oversubscribed 3.4 times. Moody's and S&P upgrade Tata Motors ratings, citing stability of JLR acquisition.
-T.V. Mahalingam
2. October 2008 Tata Motors goes for a Rs 2,000 crore DVR issue. It is heavily undersubscribed.
3. June 2009 Tata Motors posts a loss of Rs 2,505 crore for 2008-09, dragged down by a net loss of 281 million at JLR.
4. September 2010 JLR's September sales grow by 16 per cent to 19,528 units.
5. October 2010 Tata Motors share issue oversubscribed 3.4 times. Moody's and S&P upgrade Tata Motors ratings, citing stability of JLR acquisition.
-T.V. Mahalingam
