Here are the top 10 acquisitions to have happened in India

Here are the top 10 acquisitions to have happened in India
Walmart’s acquisition of Flipkart is the biggest ever in India, with the US-based retail giant spending $16 billion. But this buyout isn’t the first big takeover we’ve seen in the country. Here’s a list of some of the biggest mergers and acquisitions India has seen.


Following are the top 10 acquisitions that happened in India.

  1. FLIPKART- WALMART: Walmart acquired 77% Flipkart for $16 billion, making it the largest acquisition involving an Indian company, in 2018.
  2. TATA STEEL-CORUS: In 2007, Tata Steel took over European steel major Corus for the price of $12.02 billion, making the Indian company, the world’s fifth-largest steel producer.
  3. VODAFONE-HUTCHISON ESSAR: In 2007, the world’s largest telecom company (at the time) in terms of revenue, Vodafone, made an entered the Indian telecom market by acquiring a 52% stake in Hutchison Essar Ltd. Vodafone purchased 52% stake in Hutchisson Essar for about $10 billion.
  4. HINDALCO-NOVELIS: Hindalco Industries Ltd. is a subsidiary of the Aditya Birla Group and Novelis is a world leader in the production of flat-rolled aluminum products. The Hindalco Company acquired the Canadian company Novelis for $6 billion, making the combined entity the world’s largest producer in rolled-aluminum.
  5. RANBAXY-DAIICHI SANKYO: In 2008, Daiichi Sankyo Co. Ltd., signed an agreement to acquire the entire shareholders of Ranbaxy Laboratories Ltd, India. Ranbaxy’s sale to Japan’s Daiichi was priced at $4.5 billion.
  6. ONGC-IMPERIAL ENERGY: In early 2009, Oil and Natural Gas Corp. Ltd (ONGC) took control of Imperial Energy, a UK Based firm operating in Russia for the price of $1.9 billion.
  7. MAHINDRA & MAHINDRA-SCHONEWEISS: In 2007, Mahindra & Mahindra acquired 90 percent of Schoneweiss, a leading company in the forging sector in Germany. This consolidated Mahindra’s position in the global market.
  8. STERLITE-ASARCO: In the year 2009, Sterlite Industries, a part of the Vedanta Group, signed an agreement to acquire the copper mining company Asarco for the price of $2.6 billion.
  9. TATA MOTORS-JAGUAR LAND ROVER: Tata Motors’ acquisition of luxury car maker Jaguar Land Rover was for the price of $2.3 billion, in 2008.
  10. SUZLON-REPOWER: Wind Energy premier Suzlon Energy acquired RePower for $1.7 billion. Suzlon Energy Limited is a wind turbine supplier based in Pune, India and RePower systems SE (now Senvion SE) is a German wind turbine company founded in 2001, owned by Centerbridge Partners.