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Tata steel merger: Don't go by latest share price, says MD TV Narendran

"Given the size and scale of some of these businesses and the fact that for growth they would need support from Tata Steel, it made sense to merge them. And then we said if we are doing it, let's do it all at once. It simplifies the structure below the parent significantly and also brings in synergy onto the table."

from Industry-Economic Times
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