Major business ventures exited under Ratan Tata

Major business ventures exited under Ratan Tata Ratan Tata, chairman of the Tata Group who steps down Friday, also had the uncanny ability to know when to enter a new business and, more importantly, exiting an existing one. List of such deals:

1994: Sells Tata Oil Mills (Tomco) to Hindustan Unilever

1997: Lakme brand and assets sold to Hindustan Unilever

1998: Group's pharma company Merind sold to Wockhardt

1998: Voltas demerges its white goods and domestic refrigerator segment into a joint venture controlled by Electrolux

1999: Tata Group sells its 7.2-percent stake in Associated Cement Companies (ACC) to Ambuja Cement Holdings, a subsidiary of Gujarat Ambuja Cements (GACL)

2000: Tata Group exits cement business, selling their remaining stake in ACC to the GACL group

2005: Tata exits Idea Cellular -- venture that included the Aditya Vikram Birla Group and the US-based AT&T to focus on CDMA-based mobile telephony business.

IANS