Creating history, India's top corporate Tatas on Wednesday acquired luxury auto brands – Jaguar and Land Rover – from Ford Motor for 2.3 billion dollars, stamping their authority as a takeover tycoon.
Beating compatriot Mahindra and Mahindra for the prestigious brands, just a year after acquiring steel giant Corus for 12.1 billion dollar, Tatas on Wednesday announced the deal they signed with Ford, which on its part would chip in 600 million dollar towards JLR's pension plan.
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