"India Inc. is making its presence felt abroad. In one of the biggest acquisitions by an Indian corporate abroad, the Tata group firm Tata Iron and Steel Company Limited (Tata Steel) has acquired Singapore steel firm NatSteel for Rs 1,313 crore ($ 288 million) in an all cash transaction,” reported The Indian Express of August 17, 2004. This is the Tata group’s third major overseas takeover after the Tetley Tea and Daewoo truck unit buyouts.
Tata Motors (formerly The Tata Engineering and Locomotive Company Limited) had acquired the truck making arm of Korea’s failed auto maker Daewoo for US $ 102......