UK govt agrees to guarantee loans to JLR

According to the reports buzzing in the international media circles, the British government is believed to have agreed to guarantee loans to Tata Motors’ owned Jaguar Land Rover, for which it is holding talks with a host of European banks to lend funds. Currently, Tata Motors 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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