Tata Hit by the Latest of India’s Failed Foreign Takeovers
Tata Steel’s decision late last night to seek buyers for its Corus steel business in the UK is the latest example of Indian companies finding they rushed too quickly and expensively into large foreign acquisitions that were all the rage a decade ago.
Some have been successful, notably Tata’s Jaguar Land Rover (JLR) car business but, for many, the burdens…
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