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Way to go Tatas January 31, 2007

Posted by Vijay in Acquisitions, Business, Steel, Tata.

First it was Mittal now its the Tatas. That makes two Indian companies at the top of the pile of steel companies (although technically speaking Mittal isnt an Indian company).

The Tatas buying Corus at a valuation of $10 Billion shows us that the “old” industry is still way ahead in terms of buying power. It will be quite a while before an Indian IT company makes a billion dollar acquisition.