Tata Steel hungry for more
Tata Steel’s $12.9-billion Corus buy does not mean the end of its acquisition ambitions as the steel major today said it along with Corus would go for more acquisitions “as and when it makes sense”. “Both the companies (Tata Steel and Corus) will undertake acquisitions as and when it makes sense,” Tata Steel Chairman Ratan Tata said here while responding to a shareholder’s question at the company’s 100th Annual General Meeting. He said the apprehensions in the market post-Corus acquisition that the company’s financial performance would be impacted had been proved ‘unfounded’ and the share prices of the company has gone up by 20 per cent year-on-year for the past 10 years.
