Tata Motors Shares Fall on Fund Raising Plan, Price Target Cut

May 29 (Bloomberg) -- According to Bloomberg Business News, the Indian automaker Tata Motors Ltd. currently buying Ford Motor Co.'s Jaguar and Land Rover units, fell to the lowest in more than five months in Mumbai trading on a $2.3 billion fund-raising plan and cut in price target.

Tata Motors declined as much as 4.5 percent to 607.25 rupees at 10:05 a.m. on the Bombay Stock Exchange. Citigroup Inc. cut the price target for the stock to 791 rupees from 914 rupees.