12 Biggest Acquisitions by Indian Companies
Bangalore: Acquisition smaller companies or companies of similar size are one of the best ways to expand business. Most of the acquisition takes place in the same fields of business.
Indian economy is growing significantly over the years and the industry sector plays an important role in this growth. Whether in the home country or in any host nation, Indian companies are excelling with their own business and also by acquiring other companies.
Indian companies have acquired many significant companies across the globe and have expanded their business successfully. Rediff has provided a vivid list of acquisitions by Indian companies.
1. Tata Group Acquired Corus, October 2006
Deal size: $12.98 billion, Country: United Kingdom
Tata Steel is India’s second largest steel company with a capacity of producing 3.8 million tonnes of crude steel. It has most of its plant in Jamshedpur, Jharkhand. It is considered as one of the best companies in producing steel.
In October 2006, Tata Steels acquired Corus with an outstanding price of $12.98 billion.
2. Bharti Airtel acquired Zain Africa, February 2010
Deal size: $10.7 billion, Country: Kenya
At present, Bharti Airtel is the largest mobile network in India. It is also expanding its reaches throughout the globe.
In February, 2010, Bharti Airtlel added 180 million new customers in its list by acquiring an African Mobile Network provider called Zain Africa. This acquisition took place against an amount of $10.7 billion.
3. Hindalco Industires acquired Novelis , February 2007
Deal size: $5.73 billion, Country: Canada
Hindalco Industries is one of the main branches of the Aditya Birla group. It is headquartered in Mumbai and is one of the largest producers of aluminum in the world. On the other hand, Novelis is a Canadian company which has been the best in its kind during 2007.
Few years back, Hindalco acquired Novelis with an outstanding amount of $5.73 billion.