Tata Group mulling over IPO of Jaguar Land Rover, say sources

Mumbai

TATA Group is considering an initial public offering (IPO) of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for US$2.4 billion, people with knowledge of the matter said.

Senior Tata Group officials have held preliminary internal discussions over the past few months about the potential listing of Jaguar Land Rover on an international stock exchange, according to the people, who asked not to be identified because the information is private.