Leading car maker Tata Motors is looking at raising up to Rs 2,704.07 crore through public borrowing, offering up to 13.5 per cent returns, as it struggles to finance its USD 2.3 billion purchase of British marquees Jaguar and Land Rover.

In a public announcement, the company said regulations allowed it to raise up to Rs 772.59 crore from its shareholders and Rs 1,931.48 crore from general public totaling Rs 2,704.07 crore.