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Corus acquisition was an aspirational mistake: Ex-Tata Steel MD J J Irani

Corus' acquisition turned bad and it had lived off Tata Steel's Indian operations

Press Trust of India  |  Kolkata 

Acquisition of London-headquartered Corus by Tata Steel was a mistake and slicing off the take-over at the moment was a good job, former MD of the company J J Irani said on Friday. "Acquisition of Corus was a mistake. Not an intentional one but an aspirational mistake," Irani told at an interaction on management organised by Calcutta Chamber of Commerce here today. Irani, who held the position of the MD of Tata Steel for nearly a decade, said that the Indian company emerged as a 'white knight' while acquiring Corus in 2007 when the global steel market was ...

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First Published: Sat, April 22 2017. 00:56 IST
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