Top 8 Foreign Mergers and Acquisitions By Indian Firms

2. Sun Pharma Acquired Ranbaxy

On 6 April 2014, Sun Pharma announced that it would acquire 100 percent of Ranbaxy Laboratories Ltd, in an all-stock transaction, valued at $4 billion. The acquisition of Ranbaxy made the company the largest pharma company in India and U.S. It has become the 5th largest specialty generic company globally.

The Indian pharmaceutical industry has become the third largest producer in the world in terms of volumes and is poised to grow into an industry of $20 billion in 2015 from the current turnover of $12 billion. In terms of value, India still stands at number 14 in the world.

3. HDFC Acquired Centurion Bank of Punjab Ltd

India's biggest financial sector takeover, HDFC Bank, one of the country's largest bank by market value, acquired Centurion Bank of Punjab Ltd for about 95.1 billion ($2.38 billion).

HDFC Bank declared that Centurion Bank's shareholders would get one HDFC Bank share for every 29 held in an all-share deal.

After the merger, HDFC Bank added 2.5 million customers at 393 branches of Centurion Bank. In 2008, HDFC increased to 1,148 branches and 1.2 trillion ($30 billion) in deposits.

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