What the Corus Deal Means to Tata
The last couple of days have been intense for Ratan Tata, chairman of Tata Group. As India's largest private sector conglomerate, the group accounts for 2.5% of India's GDP, but it hasn't been a major presence on the world stage. That changed this week, when one of the group's flagship companies, Tata Steel, finally acquired British steel major Corus, after a bruising four-month bidding war with Brazil's CSN. With this move, Tata Steel now accounts for nearly 60% of the group's $22 billion revenues. In an e-mail interview with BusinessWeek special correspondent Nandini Lakshman, Ratan Tata discusses the deal and its significance. Edited excerpts of their exchange follow:
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