The news isn't all good however with that sum likely to make only a small dent in Tata's total consolidated debt, a figure Reuters Newsagency estimates at some AUD$5.76 billion. Tata paid Ford AUD$2.77 billion for the Jaguar and Land Rover brands last year.
Tata originally planned to sell AUD$665 million worth of global depositary receipts, but upped that figure to AUD$830 million after receiving better-than-expected demand.
The news is encouraging to the automotive industry on the whole, particularly to Indian manufacturers, as the fund raising is seen as a sign of an improving global economy.
Indian manufacturers have raised nearly AUD$20 billion this year, triple the level seen last year.