Indian M&A Deals

[Vipul]

That was his brother and not Gautam Adani and i did write No holds barred and ambitious.

[Prem]

Hinduja to Buy KBC’s Private Bank for $1.69 Billion (Update3)

May 21 (Bloomberg) -- India’s Hinduja Group, controlled by billionaire brothers Srichand and Gopichand Hinduja, agreed to buy KBC Groep NV’s private bank for 1.35 billion euros ($1.69 billion) to expand its wealth-management business in Europe.Hinduja Group, based in Mumbai, plans to complete the purchase of Luxembourg-based KBL European Private Bankers SA, which has 47.4 billion euros of assets under management, in the third quarter. Brussels-based KBC said it will take a charge of about 300 million euros in the current quarter.KBL employs 466 private bankers in 10 European countries, adding to Hinduja’s wealth-management business in Switzerland.

http://www.businessweek.com/news/2010-0 ... ate3-.html

[Ameet]

Bharti is world's 5th largest telecom firm after Africa deal

http://in.news.yahoo.com/43/20100608/83 ... eleco.html

[putnanja]

Nakoda buys South Korean plant for Rs 185 cr

MUMBAI: Nakoda Textile, a leading fully drawn yarn (FDY) maker, on Wednesday announced the acquisition of a polyester yarn making unit in South Korea.

Nakoda will invest $40 million (around Rs 185 crore) in the plant at Kyunghan in South Korea, including the acquisition cost, said its chairman and managing director BG Jain.

“This acquisition marks our entry into new geographies and we have bought the plant and machinery only, whereas the land and buildings are leased making the venture economical,” said Mr Jain.
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[Ameet]

Billionaire Indian Banker Looks East

http://blogs.forbes.com/billions/2010/0 ... ooks-east/

India’s Kotak Mahindra Bank, onetime partner of Goldman Sachs, has forged a new partnership with Japan’s Sumitomo Mitsui Banking Corp. In a deal announced Wednesday, Sumitomo is acquiring a 4.5% stake in Kotak Mahindra for $294 million, through the issue of 16.4 million new shares. The deal, struck at a 12% premium to Kotak Mahindra’s stock price, values the bank at $6.5 billion.

[Ameet]

India's Fortis makes $3.1 bln offer for Parkway

http://www.reuters.com/article/hotStock ... 4020100701

India's Fortis Healthcare unveiled a general offer to buy shares in Singapore hospital operator Parkway Holdings.

[Ameet]

Mukesh Ambani, D E Shaw close to JV-report

http://www.reuters.com/article/idUSSGE65T09420100630

Indian billionaire Mukesh Ambani is close to signing an equal joint venture with U.S. private equity and hedge fund giant D.E. Shaw to enter the financial services sector, the Economic Times reported on Wednesday, citing two people familiar with the matter.

The tie-up will enable the Mukesh Dhirubhai Ambani group, whose flagship is Reliance Industries, to offer services like energy and carbon trading and related derivatives, the newspaper said, citing one of the sources.

It will also participate in sectors such as private equity and mutual funds, the other source told the newspaper.

[Ameet]

Adani nears mega Australia mine deal

http://www.dnaindia.com/money/report_ad ... al_1409432

Adani Enterprises is close to snapping up a massive coal mine in Queensland, Australia in a deal that could be valued as high as $1 billion, two people familiar with the development told DNA.

Negotiations are in the final stages, they said, and an acquisition would be made through Adani Global, the flagship’s Singapore subsidiary, they said.

[Ameet]

India Could See Hostile Takeovers

http://blogs.wsj.com/indiarealtime/2010 ... takeovers/

Until now, hostiles haven’t been possible in India because under the current rules, an acquirer cannot get his hands on a holding of more than 75% in a company through an open offer. That restricts complete takeovers by preventing companies from outright owning 100% of a company and deters hostile suitors who don’t want to have to deal with a 25% minority shareholding that opposes them.

But a committee appointed by the Securities and Exchange Board of India has made a series of proposals that are expected to shake up the Indian market for mergers and acquisitions, in part by setting the stage for hostiles. It includes proposed revisions to the current rules on the size of open offers.

[Ameet]

India's Other Rich Brothers Aim High - Ruias

http://online.wsj.com/article/SB1000142 ... lenews_wsj

[sampat]

Ybrant Digital buys Lycos for 36 million $

[svinayak]

Ybrant Digital buys Lycos for 36 million $

Anybody know Ybrant

[Ameet]

Ybrant Digital buys Lycos for 36 million $

Anybody know Ybrant

http://www.pcworld.com/businesscenter/a ... gital.html

Ybrant, with revenue of $70 million in the Indian fiscal year to March 31, 2010, claims exclusive rights with Microsoft in parts of South America, and Yahoo in Ukraine to sell advertising from their properties in these regions.

"We help U.S. websites sell their international traffic to advertisers," Reddy said. The company buys website traffic, and in turn sells it to advertisers, he added.

Its technology also ensures that the company can offer targeted advertising in a large number of countries to advertisers, according to Reddy.

The acquisition of Lycos will give Ybrant better leverage with advertisers, as it will now have the media sites from Lycos to offer advertisers, Reddy said. Lycos' search will also help the company diversify from its current portfolio which consists primarily of banner advertisements, he added.

[Ameet]

Tata becomes India's most valued group

http://timesofindia.indiatimes.com/busi ... z0wjP5RJOn

the Tata Group has become the country's wealthiest, with a market value of about Rs 3,71,000 crore — higher than that of the business houses led by the two Ambani siblings.

The Tata Group is followed by Mukesh Ambani-run Reliance Industries (RIL) group as the second-most valued firm (Rs 3,21,750 crore), Anil Agarwal-promoted Sterlite group at third (Rs 1,35,300 crore), Anil Ambani group (ADAG) at fourth (Rs 1,25,000 crore) and Sunil Mittal-led Bharti group at fifth (Rs 1,20,500 crore), in terms of cumulative market capitalisation.

[Vipul]

More info about Ybrant.

Ybrant Digital, founded in 1999 by Suresh Reddy and Vijay Kancharla as USAGreetings.com and rebranded as Ybrant Digital in 2008, offers digital marketing solutions to businesses, agencies, and online publishers worldwide.

With over 20 billion impressions a month, its network serves leading brands such as Cisco, SAP, Intel, Dell, HP, Porsche, Renault, Ford, Jaguar, Land Rover, Toyota, Sony, Nokia, Sony Ericsson, Blackberry, British Airways and Air France among others

Ybrant has affiliations with some of the prominent online publishers such as MSN, Yahoo!, Viacom, United Online, Fox News, Bebo.com, Media Traffic and Rubicon, and has direct access to over 100 top global ad agencies.

[krisna]

Deal of the day: India’s pylon giant heads to the US

India, a country not renowned for reliable electricity distribution, will soon have the world’s largest pylon producer. KEC International, the star of the country’s RPG conglomerate, has agreed to buy SAE Towers of the US for $95m.

It is already present in 40 countries, primarily in the Middle East, Asia and Africa, and the purchase of SAE - on a cash and debt-free basis, from US private equity company Acon Investments - gives it a foothold in North and South America. Goenka added that KEC could move into Europe, “when we understand how to do things well in America.”

[Ameet]

Sun Takes a Giant Leap Towards Taro

http://blogs.wsj.com/indiarealtime/2010 ... ards-taro/

India’s Sun Pharmaceutical Industries Ltd. on Wednesday took a big leap towards taking control of Israel’s Taro Pharmaceutical Industries Ltd.

Earlier in the day, Sun Pharmaceutical said Israel’s Supreme Court has dismissed an appeal by Taro, which was attempting to block the Indian company’s offer to buy all of the Israeli company’s outstanding shares. The ruling is a big boost for Sun in its three-year battle to take control of Taro.

[krisna]

Reliance Brands buys into Zegna’s India arm

Mukesh Ambani’s Reliance Brands is buying 49 per cent stake in Ermene­gildo Zegna group’s monobrand retail operations in India. The subsidiary of Reliance Retail will buy the stake in the Indian unit of the world’s leading luxury menswear brand called Zegna South Asia Private Ltd.

The joint venture aims to operate more than 10 exclusive boutiques in six to seven cities in the next five years. According to a statement, at the end of 2015, India could potentially be Zegna’s largest market.
“Strategically India is one of the markets with the highest growth potential and we are used to being the frontrunners in emerging new markets,” said Ermenegildo Zegna, CEO of the eponymous group.

[Ameet]

Sahara India makes $2 billion bid for MGM studio

http://www.bharatchronicle.com/sahara-i ... z105SKv3Nl

[Ameet]

India lost $27 billion worth deals in soured mergers

http://www.siliconindia.com/magazine_ar ... 63400.html

[Ameet]

India's Adani eyes bid for Australian port

http://af.reuters.com/article/energyOil ... 1W20101003

India's Adani Group is expected to lodge a bid in the A$2 billion ($1.94 billion) privatisation of Australia's state-owned Port of Brisbane, The Australian newspaper reported on Monday.

[Ameet]

India Inc's M&A deal tally touches $42.76 bn

http://economictimes.indiatimes.com/new ... 953984.cms

So far this year corporate India has announced 546 M&A deals worth $42,759 million -- the highest in the last two years both in terms of value as well as number of deals.

[kmkraoind]

Mahindra signs deal to buy Ssangyong for $464 million

[Ameet]

Lanco deal signals arrival of India Inc

http://www.theaustralian.com.au/busines ... 5971746201

LANCO Infratech's $850 million Griffin Coal buy shows the serious state of Indian intent when it comes to Australian coal assets.

Lanco has paid what looks to be a very keen price for a business that is cash-negative and has been kept running throughout this year by an unprecedented level of financial support from its major creditors.

What's more, it has paid that price on the promise of exports that are currently not supported by the depth of rail or port infrastructure that would make that possible.

Lanco is a $US3 billion enterprise that has evolved rapidly from electricity trader to leadership in the Independent Power Producer space.

It has, for example, six big coal-fired stations under construction around India, one of which is planned to rely exclusively on imports for feedstock.

We reported in August on expectations that global demand for thermal coal would grow by close to 40 per cent in the next five years, with demand hitting more than 750 million tonnes a year by 2015.

India's imports of thermal coal are expected to treble to 146mtpa over that time and China's will double to 160mtpa.

[Vasu]

Essar recently bought a majority stake in ZISCO, the Zimbabwe Iron & Steel Company, for their substantial coal assets.

This is just one example of steel/power companies scouring the globe for coal assets. Australia, Indonesia and sub-Saharan Africa should be regions seeing a lot of the action.

[Ameet]

Natural resources seen driving India M&A deals in 2011

http://www.reuters.com/article/idUSTRE6BG1QZ20101217

Deal volume in India surged three-fold to $67.2 billion this year from $21.3 billion last year, just missing the record $69.4 billion in activity in 2007, according to Thomson Reuters data.

Globally, mergers and acquisitions rose for the first year since 2007, potentially marking the start of a new, multiyear M&A cycle in which emerging economies account for a bigger share of global dealmaking.

Overseas acquisitions accounted for nearly half of the Indian M&A volume in 2010, the biggest year for outbound deals from Asia's third-largest economy, data showed.

[krisna]

India's Sahara Buys London's Grosvenor House From Royal Bank of Scotland

Royal Bank of Scotland Plc, the U.K.’s biggest government-owned bank, sold the Grosvenor House hotel in London’s Mayfair district to India’s Sahara Group for 470 million pounds ($726 million).

Stephen Hester, RBS’s chief executive officer, is shrinking the Edinburgh-based bank by selling assets and cutting jobs after receiving the world’s biggest taxpayer-funded bailout in 2008.

Sahara plans to add an Indian restaurant, night club, spa and swimming pool to the high-end hotel on Park Lane, the Lucknow-based company said in a statement today. Grosvenor House opened in 1929 and has 420 rooms and 74 suites.

“In addition to the acquisition of Grosvenor House, London will be the gateway for Sahara to introduce some of its new business ventures internationally,” the Indian company with assets ranging from TV channels to insurance and real estate said.

[putnanja]

Tata Chemical's arm completes acquisition of British Salt

Tata Chemicals today said its wholly-owned UK arm Brunner Mond has completed the acquisition of Cheshire Salt Holdings Ltd (CSHL), parent company of British Salt.
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Cheshire Salt, based in Middlewich , produces about half of UK's pure salt used in applications ranging from food processing to chemicals production.

This will complement Tata Chemicals-owned Brunner Mond's experience in manufacturing bulk products, including soda ash and sodium bicarbonate.
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[putnanja]

Essar to buy Shell's UK refinery for $350 mn

Amidst media reports that Essar group is close to acquiring Royal Dutch Shell’s 9 mn tonne Stanlow refinery in the UK, Essar has successfully closed its USD 500 million convertible bond issue Wednesday. The company confirmed that it is in talks with Shell to acquire its Stanlow refinery.
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Even though the negotiations are non-exclusive, people close to the process said that there are no other credible buyers in sight for the Stanlow refinery. Essar is reported to have made an offer of USD 350 million, a figure that neither side would confirm or deny.

The thinking in Essar seems to be that it can afford to wait for a favourable deal, as a number of European Oil refineries are currently up for sale, not just at Shell.
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[Vasu]

Aditya Birla Group to buy Columbian Chem (US): report

Aditya Birla Group has reached an agreement to buy US-based Columbian Chemicals for about $800 million, a business daily reported on Monday, citing unnamed sources with direct knowledge of the deal.

The paper said the Group, which had simultaneously placed bids for two of the world's three largest carbon black assets, would likely pull out from the race to buy Germany's largest speciality chemicals maker Evonik Industries.

Cabot Corp, Evonik and Columbian are the largest manufacturers of the chemical, primarily used to increase durability in tyres and as a raw material in paints, the newspaper said.

[nithish]

NMDC to acquire 50 % of Australian iron ore miner Legacy

India's state-run miner NMDC Ltd has agreed to acquire a 50-per cent stake in Australian mining group Legacy Iron Ore Ltd, marking NMDC's entry into the Australian resource sector.

The stae-owned mining company said it has signed a memorandum of understanding (MoU) with Legacy and any acquisition would be subject to due diligences and necessary approvals.

NMDC did not disclose the deal value but merely said it would follow up this investment (if it materialses) to expand its geological footprint and position itself for the acquisition of additional iron ore and coal assets in Australia.

[nithish]

India's GVK to pay $1.3bn for Australia coal assets

Indian infrastructure giant GVK on Saturday said it would pay $1.3 billion for Australia's Hancock coal and infrastructure projects as it lines up energy supplies for upcoming power plants.

The purchase of three coal mines, a railway line and port projects linking the coal projects in Queensland, involves "truly world-class coal assets in both quality and scale," said GVK group chairman GVK Reddy.

The purchase comes as Indian companies have been competing with each other to buy coal assets all over the world as they build power projects, steel and other plants to fuel the country's fast-growing economy.
India is heavily dependent on coal for power generation.

The deal is aimed at giving GVK's listed flagship, GVK Power and Infrastructure, sufficient fuel supplies for its planned power plants.
"This acquisition builds a strong resource business for GVK," said Reddy in an emailed statement. "We will now be able to increase the capacity of our coal power business with an assured in-house supply of raw material."

GVK is taking a 79 percent stake in the two mines, 100 percent of a third mine along with 100 percent ownership of rail and port projects owned by the Hancock group, led by Australian billionaire businesswoman Georgina Rinehart.

GVK's acquisition "should help to propel these mines to successful development and on-going operations over decades," Rinehart said in the statement.
"We are very pleased with this strategic alliance with a country -- via GVK -- that needs our coal," she said.

GVK said its transaction was expected to close and the assets would be transferred in about two weeks. It said it expected to invest $10 billion in the first phase of developing the mines, rail line and port.

GVK said the first phase of production, expected to start in 2014, calls for total output of more than 30 million tonnes a year of high quality thermal coal.

The Indian company added that the $1.3 billion purchase price would be paid "in a phased manner" with $500 million to be delivered upfront.

[Pratyush]

JSW Steel eyes $5 bln bid for Australia’s New Hope

[kmkraoind]

Jindal family close to buying Italy's Lucchini: Italy PM

[Rahul M]

it's been a long time. but I guess this thread is going up in coming days !

http://economictimes.indiatimes.com/ind ... 956492.cms

Mahindra completes 51% stake acquisition in Peugeot Motocycles
By PTI | 21 Jan, 2015, 10.13AM IST



Mahindra Two Wheelers today completed the 28 million euro acquisition of 51 per cent stake in Peugeot Motocycles (PMTC), a part of the euro 54 billion France-based PSA Group.Mahindra Two Wheelers today completed the 28 million euro acquisition of 51 per cent stake in Peugeot Motocycles (PMTC), a part of the euro 54 billion France-based PSA Group.
NEW DELHI: Mahindra Two Wheelers today completed the 28 million euro acquisition of 51 per cent stake in Peugeot Motocycles (PMTC), a part of the euro 54 billion France-based PSA Group.

[muraliravi]

http://www.bidnessetc.com/32947-is-ches ... on-target/

Talks of the Indian oil giant Oil and Natural Gas Corporation acquiring Chesapeake Energy have surfaced. Bidness Etc discusses the most likely suitor to conclude the acquisition deal for the US energy oil producer