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India Inc arrives with Tata's Corus
Eleven months after Corus Chairman Jim Leng travelled to India to meet Ratan Tata and his team, Tata Steel, on October 20, announced an agreement to acquire Corus, about four times its size, in what is India's largest overseas acquisition.
Tata Steel will pay $8.04 billion to emerge as the world's fifth-largest steel company, from 56th now. The deal is expected to be completed by January 2007 when Tata Steel turns 100.
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Updated on: 21-OCT-06 |
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