JLR annual report says Tata motors acquisition price is $2,300 billion

Hi Friends,

JLR ( Jaguar Landrover ) FY11 annual report said that Tata motors acquired JLR for $2,300 billion. ( Annual report can be downloaded from Tata motors website, page 30, para 3rd)

The correct acquistion price is $2.3bn. You are guessing it right that this is a typographical error, so what is the big deal about it.

We are with you. Indeed it is not a big deal, it is a Weird Deal.

Deepak Jain
weird-deals.blogspot.com