the company i work for is being bought by TATA

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otispunkmeyer

Lifer
Jun 14, 2003
10,442
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i work for corus steel in the UK

and this morning its been confirmed that we are now only waiting for the share holders to agree the take over by TATA steel

TATA are the 56th biggest steel maker (corus is 9th btw) and they are paying £4.3 billion in this take over deal. however they are incurring £1bn in debt doing this

i hope it all works out

http://news.bbc.co.uk/2/hi/business/6068244.stm
 
S

Syringer

Lifer
Aug 2, 2001
19,333
2
71
Ha, they're taking about this on CNBC on WorldWide Exchange just as I was in this thread.
 
O

otispunkmeyer

Lifer
Jun 14, 2003
10,442
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Originally posted by: sygyzy
How can 56th take over 9th?
Click to expand...


i dont know, but in the article 2nd biggest also bought out 1st

doesnt make sense i know, but i dont know what other fields those companies are into. TATA on the other hand make lots of other stuff, steel is just one piece of the pie
 
C

Cristatus

Diamond Member
Oct 13, 2004
3,908
2
81
TATA is in a couple of industries: automobiles, engineering, materials (i.e., advanced materials, and steel and iron), energy, chemicals, services (e.g.: consultancy, insurance, etc), consumer products (teas, watches, publishing, etc.) and information systems and communications (infotech, telecom, ISP).

That should be all the industries TATA is involved in, but I've surely missed quite a few companies in the seperate industries.

They are big, and their most well known products, in India, are the cars, the trucks, telecom, and ISP. Outside India, there are a couple of cars being sold (two out of three or four of their models), at least in the United Kingdom. If you know what a City Rover is, it's basically a rebadged TATA.

Originally posted by: Wikipedia
Tata is one of the oldest and most respected business conglomerates in India, with revenues in 2005-06 of $21.9 billion (Rs 967,229 million), the equivalent of about 2.8 per cent of India's GDP, and a market capitalisation of $47.4 billion.The Tata Group has operations in more than 40 countries across six continents, and its companies export products and services to 140 nations.

The Tata group of enterprises comprises 96 companies in seven business sectors.
Click to expand...

 
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akshatp

Diamond Member
Oct 15, 1999
8,349
0
76
TATA is huge in India. I was there last Xmas and saw Tata's brand on all sorts of stuff. Mainly trucks and automobiles.
 
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