Further to the earlier article on this takeover by Tata, reported in the BusinessWeek.com (20/7/07) regarding the hefty price that Tata paid.

the price was 608 pence per share, which translates to a total purchase price of $12 billion.
which is approximately 9X EBITDA (earning before interest, taxes, depreciation, and amortization)

Some pros and cons has been advocated:
Cons:

Tata […]

A European tourist was visiting a temple in Singapore when he noticed
two statues, a man and a woman by the altar.
He asked the monk what was the significance of the two.
The monk explained that in the Chinese system of yin and yang,
positives must always be balanced by negatives, and having the two
statues ensures that the […]

In the working capital equation, one key area is the managing of Payables which is the creditors or vendors who the company owes money to for the purchases of raw materials or finished goods.
It’s critical to understand that in the working capital cycle/cash conversion cycle, purchasing of raw materials or finished goods is the starting […]

There are several major pitfalls that we should avoid when managing the company’s working capital:
1.Mindset/Belief Change:-

do not believe that only financial distressed companies should focus on improving the working capital. While it is true that distressed companies do have a particular motivation to improve liquidity, it is a grave mistake to believe that only distressed […]

I believe the aforesaid subject-matter has been and is still presently a most challenging decision for a company to make. In spite of it, the rewards and risks are extraordinary.
It has been noted that some public listed companies who are in the  sun-set business or pressures from investors to generate more sterling results could have […]