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Topic: Jaguar Land Rover
An IPO by Tata Sons will give it liquidity to tide over its debt problems, especially at tarnished crown jewel Jaguar Land Rover.
However Tata Motors say there is no truth to these rumors and they would not like to comment further on any market speculation.
Tata Motors wrote down its investment in Jaguar Land Rover by $3.9 billion due to market challenges, especially in China, technology disruptions and rising debt costs.
Tata Motors sent the executive on leave after a journalist posted screenshots on her Twitter account of allegations against him.
The company could face further trouble if President Donald Trump imposes tariffs on auto shipments to the US.