Submitted by TheIndiaStreet on February 1, 2008 - 10:00pm.
The Tata Group India’s largest private sector conglomerate, is making its presence felt across the globe. After having taken Czech tea company JEMCA and UK's biggest steelmaker Corus under its wings last year, Tata Motors is close to signing an agreement with Ford to buy Jaguar and Land Rover. Meanwhile, Tata Chemicals has entered into a definitive deal to acquire General Chemical Industrial Products. India’s leading manufacturer of inorganic chemicals, fertilisers and food additives has agreed to buy the US-based soda ash producer for $1 billion (about Rs4,000 crore). The acquisition would be made through a combination of equity and debt.
