Tata Steel Global, the holding company for steel and raw material assets outside India, would not go for listing on the stock markets, a company official said.
Koushik Chatterjee, group chief financial officer of Tata Steel Limited, told reporters here today on the sidelines of ICT-East seminar that "there are no plans to list Tata Steel Global".
He said that with the takeover of Corus, Tata Steel Global was looking for securing raw material sources for which it was looking for acquisitions.
Chatterjee said that the focus of Tata Steel Global was raw material security. This was particularly important since it did not captive sources of raw materials.
The Tata Steel official said that the size of the acquisition would depend on case-to-case basis.
