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On the other hand, Gujarat Ambuja deal was a friendly deal where both parties agreed to the price and the deal was done. It was totally different from the Mittal Steel one. Mittal Steel can be compared with ITC-BAT (British American Tobacco) deal where Mr. Yogesh Chandra Deveshwar (Chairman, ITC) was highly appreciated on the deal not being done.
Let me talk about Mr. Laxmi Narayan Mittal (CEO & Chairman, Arcelor Mittal). He is known as the world's largest steel producer and the fifth-richest person (wealth: $32 billion). He moved from India to London after a default to Indian financial institutions...
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