A DAY after CSN made its 515-pence-a-share bid for Corus, the investment banking fraternity in the country is divided on whether Tatas should back out with the deal turning more expensive by the day. ET spoke to 11 top investment bankers, of which five said that bid was now expensive and that the Tatas could do well to consolidate their presence in India, one of the largest steel markets in-the world, rather than paying dearly for a foreign steel mill.
展开▼
