India's Tata Group is looking to spin off its international steel assets, including Corus, in an overseas listing that could raise billions of dollars to help bankroll the steel unit's expansion.
The group is exploring ways to raise capital, and a listing of its overseas steel assets is among the options being seriously considered, people familiar with Tata executives' thinking said.
“Tata has smart and diligent people kicking the tyres on this,” one person said. “They are aware that bundling together non-Indian steel assets would help to crystallise their value.
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