Snapjudge

Top 10 global acquisitions by Indian companies

In Business, Finance, India, World on ஜூன் 23, 2011 at 9:39 பிப

  1. Tata Steel acquiring Anglo-Dutch firm Corus Group in 2006 to create the fifth largest steel company of the world. The deal was worth $7.6 billion ( 36,650 crore).
  2. Aditya Birla Group‘s Hindalco Industries, India‘s largest non-ferrous metals company, acquired the Canada based firm Novalis in an all-cash transaction for $6 billion.
  3. 2008: Automobile market - Tata acquired Britain’s most famous automobile manufacturers Jaguar and Land Rover, in a $2.3 billion deal with Ford, their American owners.
  4. Subhash Chandra’s Essel Packaging (EPL) acquired the Swiss tube packaging major Propack, and joined hands to become the world’s largest in laminated tubes.
  5. 2006, Ranbaxy Laboratories(RLL) created quite a stir when it announced the acquisition of 3 drug-makers in Europe, all within a week’s time. Allen S.p.A, a division of GlaxoSmithKline (GSK) in Italy, Romania’s largest independent generic drug producer Terapia and drug maker Ethimed NV in Belgium.
  6. 2007, Pharmaceutical and biotechnology major Wockhardt bought the fourth largest independent, integrated pharmaceutical group in France, Negma Laboratories. At a deal of $265 million, Wockhardt became the largest Indian pharmaceutical company in Europe with more than 1500 employees based in the continent.
  7. Bennett Coleman & Co, India’s largest media group and the holding company of the Times of India group, bought Virgin Radio in the UK in a $53.2 million (Rs 445cr approx) deal with SMG Plc. in 2008.
  8. Mahindra & Mahindra acquired 90 percent stakes of Schoneweiss, a leading company in the forging sector in Germany. The deal took place in 2007
  9. Sterlite Industries, a part of the Vedanta Group signed an agreement regarding the acquisition of copper mining company Asarco for $ 2.6 billion in 2008. The deal surpassed Tata’s $2.3 billion deal of acquiring Land Rover and Jaguar. After the finalization of the deal Sterlite would become third largest copper mining company in the world.
  10. Oil and Natural Gas Corp(ONGC) took control of Imperial Energy Plc. for $1.9 billion in early 2009.
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