India's Tata Steel has won the battle to take over the Anglo-Dutch steelmaker Corus by making a £5.75bn ($11.3bn) bid.
Tata chairman Ratan Tata is not among the Forbes' list of 40 richest Indians around the world.
His sprawling business empire is no longer the largest among privately-owned Indian groups.
He's not even considered the most powerful businessman in India.
More importantly, there's still a lack of clarity about who'll be his successor after his planned retirement in 2012.
But he's one of the most respected corporate chieftains in India.
And when London-based steelmaker Corus agreed to his takeover bid in October, he had arrived on the global arena.
That's a short snapshot of Ratan Tata, 69, who controls the $22bn Tata group, which includes 96 companies manufacturing a range of products from automobiles to watches, steel to fertilisers.
Friday, September 14, 2007
RATAN TATA
Corus takeover: Who is Ratan Tata?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment