The grit shown by the Tata group at the recent battle at the hammer has been hailed by the media as India's victory, and a leap by the developing nation into the league of nations that nurture multinationals. The ball of acquisition, set rolling by the Lakshmi Mittal group after it grabbed Arcelor last year, was given a sharp shove by Ratan Tata who outbid Brazil's CSN (a tongue-twisting Companhia Siderurgica Nacional) by five pence a share to pocket Corus. Soon after, the Birla group's Hindalco bought the Canadian aluminium maker, Novelis, for $5.95 billions. Three balls pocketed in quick succession by firms of Indian origin.
(At a business management institute in India.)
Professor: I need your views on the acquisition. Do you think it was wise?
(At a business management institute in India.)
Professor: I need your views on the acquisition. Do you think it was wise?
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