What is that going to do for the group apart from increasing the market capitalization?
The market capitalization issue is of least consequence to us considering the size of the IPO we are working on. We are not doing it for the market cap and definitely not for the cash it brings to us. We are doing it because we really believe that the growth of TCS as a division of Tata Sons, rather than as a corporate in its own right, would have hurt its business growth. In the marketplace also, going in as a division of an unknown private company, is not going to give it the kind of credentials that it might need to compete with the Infosys’ (INFY ) and Wipros (WIT ) of this world. While we get one big dollop of cash upfront, we forgo all the profits that TCS has been providing us all these years on a continuing basis as we move forward. It is really about taking a jewel and letting it shine. We will still be 80% owners. It’s just another company that will take its place in our portfolio. Q: One part of your overall strategy seems to be internationalizing the operations according to
