Which of the followings boosted the TISCO's fortunes?
Answers
Answer:
and also one of the day of the day of the day of the day of the day of the day of the day of the
Answer:
Consider these numbers. If Tata Steel was to sell Corus today, in rupee terms it would earn a 46% premium on the acquisition price because of the depreciation in the Indian currency. Similarly, Novelis would fetch Hindalco 50% more, if Aditya Birla Group wanted to monetise that asset today.
From United Spirits to Bharti, from Tata Motors to Renuka Sugars, from the Adani Group to GVK, the gain from similar potential sales could range from 20% to 70% in rupee terms (SEE CHART). These percentage figures are calculated on currency fluctuations and are based on the assumption that these assets would be sold at the same dollar price at which they were bought