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15 biggest overseas acquisitions by Indian companies
Big-ticket acquisitions by Indian companies are back. After massive deals in 2007-08, corporates are once again scouting for opportunities overseas in a big way.
On Monday ONGC announced it will pay $5 billion to buy 8.4 per cent stake in Kazakhstan's Kashagan oilfield owned by a consortium of six global oil majors. It includes ConocoPhillips, Italy's Eni, ExxonMobil, Inpex Corp of Japan, Royal Dutch Shell, and France's Total.
Earlier in the week, there were reports that said Mahindra and Mahindra will buy 50 per cent stake in iconic British carmaker Aston Martin. Though the deal size is not yet known, reports estimate that it would be around $400 million.
Tata Group's Indian Hotels is still pursuing Orient-Express. According to recent reports, Tatas may increase their $1.86 billion buyout offer, after facing a rejection by the US-listed company.
In the first week of November Sun Pharmaceutical Industries went for US-based DUSA pharmaceuticals, a company focused on dermatology. The deal size is pegged at $230 million.
While the investors wait for outcome of Mahindra & Mahindra's, ONGC's and Tata's bids, here are 15 biggest acquisitions Indian companies have made overseas, according to data compiled by Dealogic.
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15 biggest overseas acquisitions by Indian companies
Deal size: $12.98 billion
Indian company: Tata Group
Acquired: Corus
Country: United Kingdom
Announcement date: October 2006
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15 biggest overseas acquisitions by Indian companies
Deal size: $10.7 billion
Indian company: Bharti Airtel
Acquired: Zain Africa
Country: Kenya
Announcement date: February 2010
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15 biggest overseas acquisitions by Indian companies
Deal size: $5.73 billion
Indian company: Hindalco Industries
Acquired: Novelis
Country: Canada
Announcement date: February 2007
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15 biggest overseas acquisitions by Indian companies
Deal size: $5 billion
Indian company: ONGC
To acquire: Oil & Gas Assets (Kashagan oilfield)
Country: Kazakhstan
Announcement date: November 2012
(The deal is yet to close)
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15 biggest overseas acquisitions by Indian companies
Deal size: $2.62 billion
Indian company: ONGC
Acquired: Imperial Energy Corp
Country: United Kingdom
Announcement date: August 2008
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15 biggest overseas acquisitions by Indian companies
Deal size: $2.3 billion
Indian company: Tata Motors Ltd
Acquired: Jaguar Cars and Land Rover
Country: United Kingdom
Announcement date: March 2008
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15 biggest overseas acquisitions by Indian companies
Deal size: $2 billion
Indian company: Tanti Group of Companies and Arcapita Bank BSCc
Acquired: Majority stake in Honiton Energy Holdings
Country: China
Announcement date: April 2010
(Tanti Group of Companies belongs to Tulsi Tanti, chairman and managing director of Suzlon Energy)
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.97 billion
Indian company: Adani Enterprises
Acquired: Port Terminals (Abbot Point X50 Coal Terminal)
Country: Australia
Announcement date: May 2011
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.79 billion
Indian company: Essar Global
Acquired: Algoma Steel
Country: Canada
Announcement date: April 2007
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.7 billion
Indian company: Reliance Industries
Acquired: Oil & Gas Assets (Marcellus Shale)
Country: United States
Announcement date: April 2010
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.67 billion
Indian company: Indian Hotels Co
To acquire: Orient-Express Hotels
Country: Bermuda
Announcement date: October 2012
(The deal is yet to close)
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.65 billion
Indian company: Essar Global
Acquired: Minnesota Steel
Country: United States
Announcement date: April 2007
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.54 billion
Indian company: ONGC Videsh, Oil India, Repsol YPF, Petroliam Nasional Bhd - Petronas and Indian Oil Corp
Acquired: A stake in Empresa Mixta
Country: Venezuela
Announcement date: February 2010
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.4 billion
Indian company: Oil & Natural Gas Corp
Acquired: Oil & Gas Assets (Campos Basin Oil Fields)
Country: Brazil
Announcement date: January 2006
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15 biggest overseas acquisitions by Indian companies
Deal size: $1.35 billion
Indian company: Reliance Industries
Acquired: Oil & Gas Assets (Eagle Ford shale gas field)
Country: United States
Announcement date: June 2010