Jaguar Land Rover plans to hire over 500 people for R&D by March 2013
PTI: New Delhi, Jan 29 2013, 15:28 IST
transaction of issuance of USD 500 million senior notes, due for 2023, and priced them at a coupon of 5.625 per cent per annum.
"We are pleased to have completed this transaction successfully, which we believe demonstrates the confidence of the market in our company and plans," JLR Chief Financial Officer Kenneth Gregor said.
The net proceeds from the issuance and sale of the notes will be used for general corporate purposes, including to support Jaguar Land Rover's on-going growth and capital spending plans, the company said.
Shares of Tata Motors were trading 0.05 per cent down at Rs 308.40 apiece on the BSE during afternoon.
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