Is Tata Steel looking to acquire Chapter 11 companies in the US?
Taking over a Chapter 11 company is not a great thing. Chapter 11 is actually a protection against creditors and Chapter 12 or 13 is the real bankruptcy provision. To come out of Chapter 11, you need to restructure the company. But usually it has a lot of liabilities. So unless such a company were very strategically placed, it’s not what we would be doing. Are group companies seeking a presence in the US market or the Chinese market? Other than TCS, most of our companies are not looking at the US as a market. We are looking at the African continent or southeast Asia Is the time now finally ripe for a TCS IPO? The group’s traditional argument as we understand it was that the last time there was a bull run it didn’t want to hit the market because the TCS share price could crash if the market went down and investors could feel let down. Is there a similar fear right now? I don’t think we are looking at the same kind of euphoria that we saw a few years ago, with the dot-corn industry and t
