India_s 11 Largest M&a Deals _Compatibility Mode

8/6/2019 India_s 11 Largest M&a Deals _Compatibility Mode

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Tata Steel-Corus: $12.2 billion On January 30, 2007, Tata Steel

purchased a 100% stake in theCorus Group at 608 pence pershare in an all cash deal,

cumulatively valued at $12.2.

The deal is the largest Indiantakeover of a foreign company

till date and made Tata Steelthe world's fifth-largest steelgroup.





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Vodafone-Hutchison Essar: $11.1

billion On February 11, 2007, Vodafone

agreed to buy out the controllinginterest of 67% held by Li KaShing Holdings in Hutch-Essar

for $11.1 billion.

This is the second-largest M&Adeal ever involving an Indian

company.Vodafone Essar is owned by

Vodafone 52%, Essar Group 33%and other Indian nationals 15%.





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Hindalco-Novelis: $6 billion

Aluminium and copper majorHindalco Industries, the KumarMangalam Birla-led Aditya BirlaGroup flagship, acquired Canadiancompany Novelis Inc in a $6-billion,

all-cash deal in February 2007. ' -

M&A deal. The acquisition would make

Hindalco the global leader inaluminium rolled products and one

of the largest aluminium producersin Asia. With post-acquisitioncombined revenues in excess of $10billion, Hindalco would enter theFortune-500 listing of world's largestcompanies by sales revenues.





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Ranbaxy-Daiichi Sankyo: $4.5

billion Marking the largest-ever deal

in the Indian pharmaindustry, Japanese drug firmDaiichi Sankyo in June 2008acquired the majority stakeof more than 50 per cent in

over Rs 15,000 crore ($4.5billion).

The deal created the 15thbiggest drugmaker globally,

and is India's 4th largestM&A deal to date.





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ONGC-Imperial Energy: $2.8 billion

The Oil and Natural Gas Corptook control of Imperial EnergyPlc for $2.8 billion, in January2009, after an overwhelming96.8 per cent of London-listedfirm's total shareholders

. Speaking about India's fifth

largest M&A deal, ONGCchairman R S Sharma said thecompany owed the acquisitionto government support, which

has seen OVL in the past sevenyears increase its number ofprojects to 39 in 17 countries,from just a single project in

Vietnam.





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NTT DoCoMo-Tata Tele: $2.7 billion

Japanese telecom giant NTT DoCoMopicked up a 26 per cent equity stake inTata Teleservices for about Rs 13,070

crore ($2.7 billion) in November 2008. -

involving an Indian company.

With a subscriber base of 25 million in20 circles DoCoMo paid Rs 20,107 persubscriber to acquire the stake.DoCoMo picked up the equity througha combination of fresh issuance ofequity and acquisition of shares fromthe existing promoters.





8/13

HDFC Bank-Centurion Bank of

Punjab: $2.4 billion HDFC Bank approved the

acquisition of Centurion Bankof Punjab for Rs 9,510 crore ($2.4

billion) in one of the largestmer ers in the financial sectorin India in February, 2008.

CBoP shareholders got oneshare of HDFC Bank for every 29shares held by them. Post-

acquisition, HDFC Bank becamethe second-largest private sectorbank in India.

The acquisition was also India's7th largest ever.





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Sterlite-Asarco: $1.8 billion

Anil Agarwal-led Sterlite IndustriesLtd's $1.8 billion Asarco LLC buyoutdeal is the ninth biggest-ever mergerand acquisitions deal involving an

Indian firm, and the largest so far in.

This is despite the deal size falling byalmost $1 billion, from a projectedestimate of $2.6 billion in May 2008,

due to devaluation of mining assetsand a sharp fall in copper prices.

Sterlite, the Indian arm of theLondon-based Vedanta ResourcesPlc, acquired Asarco in March 2008.





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Suzlon-RePower: $1.7 billion

Wind power major Suzlon Energy inMay 2007 acquired the German windturbine manufacturer REpower for$1.7 billion. The deal now ranks asthe country's 10th largest corporate

takeover. power s one o ermany s

leading manufacturers of windturbines, with a 10-per cent share ofthe overall market.

Suzlon is now the largest windturbine maker in Asia and the fifthlargest in the world.





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RIL-RPL: $1.68 billion Reliance Industries in March 2009

approved a scheme of amalgamation ofits subsidiary Reliance Petroleum withthe parent company. The all-share mergerdeal between the two Mukesh Ambanigroup firms was valued at about Rs 8,500

crore ($1.68 billion). This makes it India's 11th largest M&A

transaction till date. Post-merger, RPL shareholders received

one fully paid equity share of Rs 10 eachof the company for every 16 fully paidequity shares of Rs 10 each of RPL held by

them. The RIL-RPL merger swap ratio was at

16:1. The merger became effective fromApril 1, 2008.





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India_s 11 Largest M&a Deals _Compatibility Mode

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