So everyone says Tata owns Jaguar, but according to Reuters, on March 18th of 2008, they reported that American bankers Citigroup and JP Morgan did the underwriting of a loan of USD 3 billion in order to finance the deal.

Is it even humanly possible for Jaguar (or Tata) to pay back 3 Billion with interest?... I don't think so, so I'm wondering here - was Tata lured into this and as of today, aren't the real owners of Jaguar Cars Ltd Citigroup and JP Morgan?

 

Dont ask what the USA owes/........
seriously does it even matter?
the numbers that are thrown out for any big biz deals really are mind boggling and who the hell knows who owns what and who owes this and who...who who?
none of it makes much sense and it gets even more bizarre the deeper you dig, I mean just look at what has happened in the USA in the last 4 years.
I just hope Jaguar stays alive.

 

Not only Jaguar they also bought Land Rover , don't underestimate Tata , they may be making crap cars it's what goes in their country .

 

I think that the JPM loans were just bridge loans because Tata started the deal and then their share price crashed, they just needed the loan to complete the deal and tide them over until they could do a bond issue.

I think Tata definitely owns Jag and Land Rover. I''m impressed with their commitment, myself.

Hopefully, a finance guy who actually knows what he is talking about will come along and can tell you what happened.

 

Like any debt, as long as Tata is not in default, they are the owners. I would imagine that JPM just has a security interest at this point.

 

Bloomberg had a much better story back in 2008, but I can't get it to come up now.

Here is a FT story from 2009 that presents an update on Tata paying back part of the bridge loan and looking to restructure the rest:

FT.com / Industrials - Tata Motors gains reprieve on $1bn debt