Top 5 overseas acquisitions by Indian companies 1. Corus Group (U.K.) Acquired by – Tata Stell Tata Steel, one of the leading steel producers in India, acquired Corus Group for U.S. $12.11 billion (€ 8.5 billion) on January 31, 2007. But only after nine rounds of bidding, the acquisition process was completed. The only other competitive bidder was Companhia Siderurgica Nacional (CSN), Brazil. This acquisition is considered to be one of the biggest foreign acquisitions by an Indian company, and after this only TATA Steel came out to be the fifth largest steel producer in the whole world. 2. Zain Africa Acquired by – Bharti Airtel India’s largest mobile services company, Bharti Airtel’s ambition to expand into the markets outside India was completed after this complete acquisition of the African operations of Mobile Telecommunications Company (known as Zain). 3. Novelis (U.S.) Acquired by – Hindalco Industries Aditya Birla Group, one of India’s leading MNCs, acquired the entire stake in the Atlanta based aluminium company Novelis for U.S. $6 billion. This company had separated from Alcan, a global aluminium company. This deal was announced on Feb 11, 2007 by Kumar Mangalam Birla, Chairman of the AV Birla group. 4. Imperial Energy (U.K.) Acquired by – ONGC Oil and Natural Gas Corp (ONGC) has acquired Imperial Energy. This deal was for 1.3 billion pounds (U.S. $1.9 billion). 96.8 percent of London-listed firm’s shareholders had top accept this takeover offer, for the acquisition deal to take effect. 5. Jaguar Cars and Land Rover (U.K.) Acquired by – Tata Motors Tata Motors, one of the leading automobile MNCs in India, has acquired both Jaguar and Land Rover, which are two iconic British brands with worldwide growth prospects. This deal was for a whooping U.S. $ 2.3 billion with Ford, the previous American owners.
Posted on: Tue, 05 Aug 2014 14:05:05 +0000
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