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Category: Business and Industry
Date Submitted: 01/05/2012 07:39 PM
Top 10 Mergers & Acquisitions in India for 2010
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
Reliance Power and Reliance Natural Resources merger
This deal was valued at US $11 billion and turned out to be one of the biggest deals of the year. It eased out the path for Reliance power to get natural gas for its power projects
Airtel’s acquisition of Zain in Africa
Airtel acquired Zain at about US $ 10.7 billion to become the third biggest telecom major in the world. Since Zain is one of the biggest players in Africa covering over 15 countries, Airtel’s acquisition gave it the opportunity to establish its base in one of the most important markets in the coming decade
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
GTL Infrastructure acquisition of Aircel towers
This acquisition was worth about US $ 1.8 billion and brought GTL Infrastructure to the third position in terms of number of mobile towers – 33000. The money generated gave Aircel the funds for expansion throughout the country and also for rolling out its 3G services
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
JSW and Ispat Ki Kahani
Jindal Steel Works acquired 41% stake at Rs 2,157 cr in Ispat Industries to make it the largest steel producer in the country. This move would also help Ispat return to profitability with time
Reckitt Benckiser goes shopping
Reckitt...