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| Article Name : | | | “Takeover of Foreign Companies by Tata Steel- An analysis of Post Takeover Profitability “ | | Author Name : | | | Richa Gupta | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-2912 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | The primary motive of each and every enterprise is to earn profit. In most cases, profit earning may be the major cause of takeovers. Profitability can be calculated from the profitability ratios which determine the company's overall efficiency and performance. The integration process of companies has a major impact on their profitability. During the current scenario of globalization and dogmatic competition takeovers has emerged out a much admired strategy to secure profits, continuous growth and added share value by gaining new resources, technological know-how, synergies, new markets and competitive advantage. Conversely, various studies reveal that takeover as a growth strategy provided both positive and negative consequences. Takeovers of Indian companies by Indian companies or foreign companies as well as takeovers of foreign companies by Indian companies are increasing quickly. Tata steel has done three cross-border takeovers in steel industry. The present study attempts to examine the pre and post takeover profitability of Tata Steel through paired t-test. | | Keywords : | | |
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