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rediff.com

• 

  The deal

  Fetched: March 26th, 2008, 7:50pm EDT

  Tags:    [edit]

  Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.