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Flashback of the best business deals of India in 2010
By Suman Ravikumar, SiliconIndia
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Saturday, 01 January 2011, 00:33 IST |
1 Comments
5. Mahindra and Ssang Yong come together
Mahindra acquired about 70 percent of stake of auto major Ssang Yong of South Korea for about $ 463 million. Ssang Yong caters to about 98 countries which will be an advantage for Mahindra to build its network and also the deal will setup Mahindra with R&D facilities.
6. Fortis Healthcare acquisitions brings smiles to Singh Brothers
After acquiring Hong Kong's Quality Healthcare Asia last month, the Singh brothers acquired the Dental Corporation of Australia for about $100 million. Fortis will acquire about 30 percent stake. The deal will provide opportunity for Fortis to expand its healthcare services and operations in Australia and New Zealand. Fortis Global will be a vehicle for international expansion.
7. Hinduja Group acquiring KBL European Private Bankers
Indian Investment firm Hinduja Group purchased stakes of Belgian banking and Insurance group KBC banking arm KBL European Private Bankers for about $1.68 billion. Hinduja aims at adding more private banks in Europe with its existing banks in Switzerland. Hinduja Chairman Srichand Hinduja said his group aimed to provide KBL epb with access to fast-growing markets of the Middle East, the Indian subcontinent and elsewhere in Asia.
