The much hyped Tata’s deal with Ford to acquire the Jaguar and Land Rover brands may end within 10-15 days. Tata is expected to shell out $2-2.5 billion to bag the deal. The final bid amount includes JLR’s debt and the price will be finalized depending on engine supply and sourcing for the brands.

Ford spokesperson John Gardiner said that discussions on this are still ongoing. A clearer picture of the deal will emerge as soon as an agreement is reached between the negotiating parties.

Sources say that the final bid amount will be decided only after going through agreements on engine supply, component sourcing, financing and other supportive services related to the brands. Tata and Ford will have to go on a spree of signing more than 20 agreements to finalise the deal which also includes intellectual property rights. Ford’s support in future and a few other issues related to the JLR deal will also be considered.

A few financial institutions such as Calyon Bank, Citi Group, JP Morgan, and Standard Chartered are lending financial to help Tata Motors clinch this deal. Tata Motors says in a press release that it hopes to reach an agreement with Ford over the coming weeks.