After Struggling for about ten years with Corus, Tata Steel finally sold off a part of the business and started exploring a JV for the rest to reduce its losses. A sad event for sure, to end the audacious attempt by Mr Ratan Tata to take Tata Steel global.
Amidst the noise around Cyrus Mistry’s exit from Tata Sons is the issue of potential impairment charges, most notably in Tata Steel Europe. No doubt, Tata Steel paid a heavy price for the acquisition of Corus but how serious are his allegations and how heavy is the burden of existing European assets. A brief attempt to understand […]