When will others like TCS, Tata Steel, Indian Hotels and Tata Chemicals start going global?
Tata Steel is looking at various options in different countries in steel and in minerals associated with steel. Other companies will look at operations outside India as and when they find them. It is not something that one should madly pursue just to do it. They will have to consider how they do it. It may be an acquisition, a joint venture, it may even be establishing new entities in those countries. How far away from this are these companies? Tata Motors, Tata Steel, Indian Hotels and TCS have active plans for establishing some thing or the other abroad. 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 com
