Tata Steel has acquired the 5th largest steel producer of the
world, Corus, scoring over Brazil's CSN at $12.15 billion
(around Rs 55,000 crore) in cash, making it the largest
acquisition by an Indian company and the second largest in the
industry after Mittal Steel's $38.3 billion acquisition of Arcelor.
Tata's bid of 608p per share, which beat a price from CSN of
603p, was 33.6 per cent higher than its original bid. By some
measures, it exceeded the price paid in other recent industry
deals, such as Mittal Steel's acquisition of Arcelor last year.
In its centenary year of 2007, Tata Steel, a subsidiary of Tata
Group, India's largest private sector company, was aiming to
touch the production figure of 7 million tonnes but the acquisition would bring the total capacity of the group to around 23 million
tonnes, making it the fifth largest steel producer in the world. The group was in look out for big overseas acquisitions as the
Indian steel producers have limited-to-no......

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Title: Tata Industries
Approximate Word Count: 2648
Approximate Pages: 11 (250 words per double-spaced page)

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