Followed due process to get fair valuation for amalgamation: Tata Steel CFO

In a Q&A, Koushik Chatterjee, says the decision to merge seven group firms is a priority for Tata Steel and the entities involved. He adds that rupee depreciation will influence steel prices

In a bid to consolidate its metals and mining business, Tata Steel has decided to merge seven group firms. In an interview, Tata Steel executive director and chief financial officer, Koushik Chatterjee, tells Ishita Ayan Dutt that the amalgamation is a priority for Tata Steel and the entities involved. He added that rupee depreciation will influence steel prices. Edited excerpts:

What are the immediate and long-term benefits of this mega merger?

The proposed amalgamation will help us drive strategy in a sharper and (more) focused manner. Tata Steel will provide the financial strength to these businesses to grow in the