Tata Steel dismisses Mistry’s remarks on Corus deal
Tata Steel has dismissed allegations by ousted Tata Sons Chairman Cyrus Mistry that the Tata-Corus deal became more expensive because of Ratan Tata's ego. Ex-Tata Steel Vice-Chairman and Managing Director B Muthuraman termed Mistry's allegations as "speculative and biased" and clarified that the acquisition was "transparent". Tata Steel had acquired the steelmaker for about ₹80,000 crore in 2007.