Indian Companies: Major Outbound Acquisition Deals

New Delhi, Apr 27 (PTI) Sun Pharmaceutical Industries Ltd's proposed acquisition of US-based Organon & Co for an enterprise value of USD 11.75 billion marks the largest-ever overseas acquisition in the pharma sector by an Indian company.

It also ranks as the second-largest outbound deal by an Indian firm after Tata Steel's takeover of Corus Group Plc.

Following are some of the major outbound acquisitions by Indian companies over the years:

*Tata Steel acquired Anglo-Dutch steelmaker Corus Group Plc for USD 12 billion in 2007, making it the largest overseas takeover by an Indian firm. The deal, priced at 608 pence per share in cash, created an entity with a pro forma crude steel capacity of 27 million tonnes and a workforce of about 84,000 across four continents, making it the world's fifth-largest steel producer at the time.


*Bharti Airtel acquired the African operations of Zain Telecom for USD 10.7 billion, marking the largest telecom acquisition by an Indian firm. The deal gave Bharti a footprint across 15 African nations.

*Hindalco Industries acquired Novelis in 2007 for USD 6 billion, including about USD 2.4 billion of debt. Under the agreement, Novelis shareholders received USD 44.93 per share in cash.

*Tata Motors agreed to acquire Italy-based Iveco Group's commercial vehicle business (excluding defence) for euro 3.8 billion (about USD 4.5 billion) in 2025. This is the Indian automaker's biggest buyout.

*Bharti Airtel acquired a 24.5 per cent stake in BT Group for around USD 4 billion, becoming the single largest shareholder in the UK-based broadband and mobile services provider.