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Examples of m&a in india
- 1. Examples of M&A in India
- 2. Mahindra & Mahindra acquires Ssangyong • In March 2011, Mahindra acquired a 70 percent stake in ailing South Korean auto maker Ssangyong Motor Company Limited (SYMC) at a total of 463 million dollars. This acquisition will see the Korean company’s flagship SUV models, the Rexton II and the Korando C foray into the Indian market.
- 3. Tata Chemicals buys British salt • Tata Chemicals bought British Salt a UK based white salt producing company for about US $ 13 billion. The acquisition gives Tata access to very strong brine supplies and also access to British Salt’s facilities as it produces about 800,000 tons of pure white salt every year
- 4. ICICI Bank buys Bank of Rajasthan • This merger between the two for a price of Rs 3000 cr would help ICICI improve its market share in northern as well as western India.
- 5. iGate acquires majority stake in Patni Computers • In May 2011, IT firm iGate completed its acquisition of its midsized rival Patni Computers for an estimated 1.2 billion dollars. For iGate, the main aim of this acquisition was to increase its revenue, vertical capability and customer base. iGate now holds an approximate stake of 82.5 percent in Patni computers, now called iGate Patni.
- 6. Abbott’s acquisition of Piramal healthcare solutions • Abbott acquired Piramal healthcare solutions at US $ 3.72 billion which was 9 times its sales. Though the valuation of this deal made Piramal’s take this move, Abbott benefited greatly by moving to leadership position in the Indian market.
- 7. The Reliance – BP deal • The much talked about Reliance – BP deal finally came through in July 2011 after a 5 month wait. Reliance Industries signed a 7.2 billion dollar deal with UK energy giant BP, with 30 percent stake in 21 oil and gas blocks operated in India. Although the Indian government’s approval on two oil blocks still remains pending, this still makes it one of the biggest FDI deals to come through in India Inc in 2011-12.