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Tata Steel to sell non-core assets to cut debt

Shubhashish / DNA
Friday, November 27, 2009 3:08 IST
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Mumbai: Tata Steel is making an all-out effort to reduce its debt that stood at $9.8 billion as of September 30 after the aggressive acquisition of European giant Corus in 2006. It plans to raise capital, use cash reserves and sell non-core portfolios for the purpose.

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