12 Biggest Acquisitions by Indian Companies

10. Reliance Industries acquires Oil & Gas Assets (Marcellus Shale), April 2007
Deal size: $1.7 billion, Country: United States

Mukesh Ambani is the richest man in India and hence his company is the richest company in India. Reliance industries are expanding its business, not only in India but all over the world.

The Marcellus shale is located in the northern Appalachia, Pennsylvania. It is the major source of gas producing rocks. The thickness of these rocks is more than 900 feet.

Reliance Industries acquired this gas source in April 2007, offering a deal of $1.7 billion.

11. Indian Hotels Co acquired Orient-Express Hotels, October 2012
Deal size: $1.67 billion, Country: Bermuda

Indian Hotels Company is the chain of luxury hotels, run by the Tata group. Most of the hotels in this chain are run under the ‘Taj’ tag. This hotel chain has set a new standard for the hotel business. In terms of luxury and comfort, it is one of the prominent names in India.

This time, Indian Hotels’ wish is to provide luxury and comfort in the British way. They have already offers a deal of $1.67 billion to the Orient-Express Hotels.

However, the deal has not yet been closed.

12. Essar Global acquired Minnesota Steel, April 2007
Deal size: $1.65 billion, Country: United States

Essar Global invested $1.65 billion to acquire Minnesota Steel in April, 2007. Prior to acquiring Minnesota Steel, Essar Group had acquired Algoma Steel.

Minnesota Steel has an estimated production capability of 1.4 billion tonnes. During the time of acquiring Minnesota Steel, Essar Global’s experts said that they are expecting to produce 1.5 million tonnes of steel by the end of 2009.

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