Tata loses sleep over Corus; effort worth it!

Much as he appears calm and composed, Tata Group Chairman Ratan Tata spent a sleepless night monitoring the Corus auction.

Much as he appears calm and composed, Tata Group Chairman Ratan Tata spent a sleepless night monitoring the Corus auction thousands of miles away in London.

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Ratan Tata was accompanied in his vigil by Tata Steel Managing Director B Muthuraman and company Vice President (Finance) Koushik Chatterjee somewhere away from Bombay House, the group's headquarters here, sources said.

Tata Sons Director Arun Gandhi along with investment bankers and advisers was in London, while back home senior company executives stay put at Bombay House through the night.

But as the auction closed at dawn, the effort seemed more than worth one sleepless night, with Tata Steel clinching the deal with a winning bid of 608 pence a share for Corus.