Here are top 10 billion dollar mergers (marriages) India has seen :
Tata weds Corus
Tata Steel’s mega takeover of European steel major Corus for $12.2 billion. The biggest ever for an Indian company. This is the first big thing which marked the arrival of India Inc on the global stage. The next big thing everyone is talking about is Tata Nano.
Vodafone weds Hutch Esaar
Vodafone’s purchase of 52% stake in Hutch Essar for about $10 billion. Essar group still holds 32% in the Joint venture.
Hindalco weds Novellis
Hindalco of Aditya Birla group’s acquisition of Novellis for $6 billion.
Daiichi weds Ranbaxy
Ranbaxy’s sale to Japan’s Daiichi for $4.5 billion. Sing brothers sold the company to Daiichi and since then there is no real good news coming out of Ranbaxy.
ONGC weds Imperial Energy
ONGC acquisition of Russia based Imperial Energy for $2.8 billion. This marked the turn around of India’s hunt for natural reserves to compete with China.
NTT DoCoMo weds Tata Tele servives
NTT DoCoMo-Tata Tele services deal for $2.7 billion. The second biggest telecom deal after the Vodafone. Reliance MTN deal if went through would have been a good addition to the list.
HDFC Bank weds CBoP
HDFC Bank acquisition of Centurion Bank of Punjab for $2.4 billion.
Tata Motors weds Jaguar Land Rover
Tata Motors acquisition of luxury car maker Jaguar Land Rover for $2.3 billion. This could probably the most ambitious deal after the Ranbaxy one. It certainly landed Tata Motors into lot of trouble.
Suzlon weds RePower
Wind Energy premier Suzlon Energy’s acquistion of RePower for $1.7 billion.
Reliance Industries weds Reliance Petroleum (again)
Reliance Industries taking over Reliance Petroleum Limited (RPL) for 8500 crores or $1.6 billion.
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1 comment:
u forgot UB acquiring Whyte and Mackay
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