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Corporate Strategist and Tata Sons group executive council member Nirmalya Kumar said that some of the mega global acquisitions were “costly mistakes” and failed to create value for minority shareholders. Replying to a Business Line question, he said that though no one could anticipate the crises that began in 2008, there were gaps in due diligence exercise and accountability of the decision makers. “It was a combination of factors” that led to mistakes, he explained. “The key lesson is exercise of caution," Kumar said.
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