India's biggest mergers & acquisitions

After more than a decade of economic liberalisation, India, Inc. emerged as a worldwide financial player, as domestic companies cast their business vision abroad to acquire bigger and better foreign firms.

The acquisitions attested that Indian firms were no longer eyeing smaller markets like Africa and Asia but mature and developed markets like Europe and US.

A close look at the M&As reveals that the Indian companies identified Europe as a base to expand. Nearly 45 per cent of the more than 300 deals struck were in Europe – with Britain and Netherlands accounting for a majority of these.

The best deals :-

Buyer: Hindalco Industries
Company acquired: Novelis (US based aluminium major)
Price: $6 billion

Buyer: Tata Steel
Compaby acquired: Corus
Price: $12.2 billion

Buyer: Mittal Steel
Company acquired: Arcelor (Luxembourg)
Price: $33.5 billion

Buyer: Videocon
Company acquired: Daewoo Electronics (S Korea) & Thomson (France)
Price: $1 billion