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MUMBAI: Certain divestments<\/a> cannot be ruled out by the Tatas<\/a> if they bring significant value to the companies and the group or prevent significant destruction of value says a latest Credit Suisse<\/a> report.\n
\"There are certain pockets of opportunities for the Tata group<\/a> to realise value by divesting some of the value destroying businesses such as the European business of Tata Steel<\/a>, Mundra<\/a> of Tata Power<\/a> and Tata Teleservices<\/a>\", the report says.
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\nBusiness as usual is not possible for Tata Teleservices<\/a> for long given its weak market positioning a challenging environment for telecom operators and a high level of debt on its balance sheet.
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\nThe street currently assigns a negative value to the Mundra<\/a> Power project and hence if the company manages to forego the asset without any consideration, this could be value accretive though not easy to do, the report said.
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\nTata Steel's turnaround strategy for its European business hinges on the sale of its peripheral business, resolution of the UK pension issue and a broader strategic JVeith Thyssenkrupp. The UK assets have already been largely written down and hence there is little risk of a big impairment in the future, the report said.\n\n<\/body>","next_sibling":[{"msid":60052972,"title":"Railways' Wi-Fi video entertainment plan for passengers gathers steam","entity_type":"ARTICLE","link":"\/news\/railways-wi-fi-video-entertainment-plan-for-passengers-gathers-steam\/60052972","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":60052927,"entity_type":"ARTICLE","title":"Some divestments good for Tata group says Credit Suisse report","synopsis":"There are certain pockets of opportunities for the Tata group to realise value by divesting some of the value destroying business.","titleseo":"telecomnews\/some-divestments-good-for-tata-group-says-credit-suisse-report","status":"ACTIVE","authors":[{"author_name":"Kala Vijayraghavan","author_link":"\/author\/4411\/kala-vijayraghavan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4411.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":4411,"author_name":"Kala Vijayraghavan","author_seo_name":"kala-vijayraghavan","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-08-14 13:15:51","lastupd":"2017-08-14 13:33:47","breadcrumbTags":["Tata group","Tata Teleservices","Tata Steel","Industry","Tatas","Tata Power","divestments","Mundra","Credit Suisse"],"secinfo":{"seolocation":"telecomnews\/some-divestments-good-for-tata-group-says-credit-suisse-report"}}" data-authors="[" kala vijayraghavan"]" data-category-name="" data-category_id="" data-date="2017-08-14" data-index="article_1">
孟买:某些资产剥离不能排除的再见如果他们公司和组织带来重要价值或防止重大破坏有价值的一个最新的说瑞士信贷(Credit Suisse)报告。“有些口袋的机会塔塔集团实现的价值通过剥离一些破坏公司的欧洲业务塔塔钢铁,蒙德拉的塔塔电力和塔塔电信业务”,报告说。
像往常一样是不可能的塔塔电信业务长时间给其脆弱的市场定位一个具有挑战性的环境,电信运营商和高水平的债务在其资产负债表。
街上目前分配一个负面的价值蒙德拉电力项目,因此如果公司管理放弃资产没有任何考虑,这可能是粘连的价值虽然不容易,该报告说。
塔塔钢铁的复兴战略其欧洲业务取决于其外围业务的销售,解决英国养老问题和更广泛的战略JVeith蒂森克虏伯。英国资产基本上已经被写下来,因此几乎没有大的风险障碍在未来,该报告说。
