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15 biggest overseas acquisitions by Indian companies

Last updated on: November 28, 2012 13:24 IST

15 biggest overseas acquisitions by Indian companies

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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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Photographs: Reuters

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15 biggest overseas acquisitions by Indian companies

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Deal size: $12.98 billion

Indian company: Tata Group

Acquired: Corus

Country: United Kingdom

Announcement date: October 2006

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Image: Ratan Tata, chairman, Tata Group
Photographs: Punit Paranjpe/Reuters

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Deal size: $10.7 billion

Indian company: Bharti Airtel

Acquired: Zain Africa

Country: Kenya

Announcement date: February 2010

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Photographs: Reuters

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Deal size: $5.73 billion

Indian company: Hindalco Industries

Acquired: Novelis

Country: Canada

Announcement date: February 2007

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Image: Kumar Mangalam Birla, chairman of Aditya Birla Group
Photographs: Punit Paranjpe/Reuters

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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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Photographs: Reuters

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Deal size: $2.62 billion

Indian company: ONGC

Acquired: Imperial Energy Corp

Country: United Kingdom

Announcement date: August 2008

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Image: An oil rig is silhouetted against the sunset
Photographs: Jessica Rinaldi/Reuters

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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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Image: A Jaguar symbol is seen outside the Jaguar Land Rover's Halewood assembly plant in Liverpool
Photographs: Phil Noble/Reuters

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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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Image: Tulsi Tanti
Photographs: Chip East/Reuters

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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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Image: Gautam Adani
Photographs: Amit Dave/Reuters

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Deal size: $1.79 billion

Indian company: Essar Global

Acquired: Algoma Steel

Country: Canada

Announcement date: April 2007

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Image: Essar's vice chairman Ravi Ruia at a news conference
Photographs: B Mathur/Reuters

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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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Image: Mukesh Ambani attends a session at the World Economic Forum
Photographs: Denis Balibouse/Reuters

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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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Image: Staff of the Taj Mahal Palace hotel pose in Mumbai
Photographs: Vivek Prakash/Reuters
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Deal size: $1.65 billion

Indian company: Essar Global

Acquired: Minnesota Steel

Country: United States

Announcement date: April 2007

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Image: An employee walks past columns of steel at a steel production factory
Photographs: Reuters

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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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Photographs: Carlos Garcia Rawlings/Reuters

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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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Photographs: Sergei Karpukhin/Reuters

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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


Image: A gas flare burns at a fracking site
Photographs: Les Stone/Reuters

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