Don't go by latest share price, says TV Narendran
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Update time : 2022-09-29 17:06:16
Tata Steel NSE 1.89 %'s decision to merge seven group companies with it, announced Friday, was the culmination of months of planning and two dozen board meetings on Thursday that ran well beyond midnight, according to TV Narendran, the steelmaker's managing director. The market did not take the announcement favourably and the shares of the listed companies among the seven took a beating Friday. Narendran tells ET's Nehal Chaliawala and Satish John that the share-swap ratios were arrived at after following all due processes and that there are long-term benefits for all parties involved. Edited Excerpts:
