Ratan Tata's caustic remarks on JLR pulls down share price by 4.28 per cent

According to reports in the media, Tata Motors’ shares went down by 4.28 per cent to Rs. 268.40 on BSE on 11th May, 2009, in the wake of chairman Ratan Tata telling The Sunday Times that the £1.15 Jaguar Land Rover was acquired when the boom was at its peak. Currently, it is in the process of raising nearly US$1.5 billion from overseas markets, and US$ 500 million may be raised by stake sale in various companies and raising funds from local banks.
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