Bharat Rakshak

Ameet wrote:

Anand Barve wrote: Ameen to that my friend....btw does anyone know what the total has been in terms of M&A I know that we acquried more than $100B worth of phoren cos. in 07.....

Anand, please provide a link or your source for the $100B in 2007. The following link has Thomson Financial reporting $22.3B in 2007 and 2006 being the record year so far at $24B.

http://findarticles.com/p/articles/mi_q ... _n21171368

SwamyG wrote:Something for Pragadeesh to cheer about Essar arm to buy US BPO firm for $250m

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In a press release issued here, KEC said LDW, founded in 1915, manufactures electrical rotating machines and drive systems which are in demand where performance and efficiency are desired for industrial applications for extraordinary requirements. LDW’s customers include companies such as Siemens, Alstom, Thyssen Krupp and Gottwald.

In 2006, the private equity company, CMP Fonds I GmbH from Berlin, Germany acquired majority ownership of LDW and provided additional capital to the manufacturer of motors, generators and drive systems.
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“KEC will benefit from LDW’s technology and ongoing research work with German universities. KEC will be able to sell LDW’s products under the AEG brand name in the Indian subcontinent and ASEAN countries and address the market for high voltage electrical machines over 50 Megawatts.”

Mr Berthold Groeneveld, CEO of LDW, said “The LDW team looks forward to becoming a part of the Kirloskar Electric family. We think that KEC is a perfect fit for our future growth in Europe and worldwide, especially in the emerging markets.”

India's biggest oil producer, ONGC, has agreed to buy Imperial Energy for $2.6bn (£1.4bn) - but it may face a battle to secure the deal.

Imperial has access to resource-rich Russian oilfields and analysts say that ONGC is looking to secure supplies of oil to fuel India's booming economy.

Gerard wrote:Indian oil firm to buy Imperial

India's biggest oil producer, ONGC, has agreed to buy Imperial Energy for $2.6bn (£1.4bn) - but it may face a battle to secure the deal.

Imperial has access to resource-rich Russian oilfields and analysts say that ONGC is looking to secure supplies of oil to fuel India's booming economy.

India's largest mobile phone company, Bharti Airtel, has resumed merger talks with South Africa's MTN, a year after a previous plan to join up was abandoned.

The two firms are in talks for Bharti to take a 49% stake in MTN, while the South African company would get a 36% stake in the Indian business.

Together they would become the world's third biggest mobile phone firm, with more than 200 million customers.

One of the country's largest privately-held BPO company and part of the Essar group, Aegis BPO Services is acquiring UCMS Group, a BPO firm in Australia for around Rs 203 crore (AUD 54 million).

Aegis, which had revenues close to $500 million for the year ending March 2009, said that the acquisition will boost the company's presence in the life cycle management practice, in which UCMS operates along with giving it a footprint in the Australian and the New Zealand market.

On completion of the transaction, Aegis will become a leader in the rapidly growing global BPO market with operations in India, the Philippines, the United States, Costa Rica, Kenya and now Australia. With more than 33,000 employees globally Aegis is well positioned to provide onshore, near shore and offshore BPO services or a combination of customized solutions to meet client requirements.

Indian firms' foreign purchases

Gone shopping

May 28th 2009 | DELHI
From The Economist print edition

As Indian companies juggle their pricey foreign acquisitions, the country’s largest telephone company embarks on the biggest shopping expedition of them all.

INDIANS are fond of shopping abroad, a habit left over from the era of import substitution, when they had to put up with shoddy homespun goods in the name of national self-sufficiency. This taste for overseas purchases is shared by Indian companies. Between 2000 and 2008 they announced over 1,000 international mergers or acquisitions, worth over $72 billion, according to Dealogic, a research firm. Most of those deals have been sealed since 2006 (see chart). .................

The Economist

SwamyG wrote:IndLaw goes 'phoren'. It was bought by Thomson Reuters.

“The amount of data that Indlaw has on a realtime basis is huge. They have historical data of case history and others dating back to British time, which is over 200 years old. They did this with approximately 18 people,” said Vivek Sekhar, Chairman & CEO, 2i Capital India.

With the recent global meltdown, financial information services companies have been suffering from loss of clients globally. The acquisition of Indlaw by Thomson Reuters is an example of how large information companies are looking at fast growing markets like India for expanding their footprint. Thomson is already present in financial data in Indian market.

Nov. 21 (Bloomberg) -- Reliance Industries Ltd., India’s most valuable company, said it made a preliminary cash offer to buy a controlling stake in LyondellBasell Industries once the petrochemicals and fuels company emerges from bankruptcy. The offer amount was not disclosed.

Lyondell Chemical, based in Houston, had assets of $27.1 billion, debt of more than $19.4 billion and more than 25,000 creditors, according to the petition filed in U.S. Bankruptcy Court in Manhattan.

Last month, Lyondell changed the terms of its $8 billion bankruptcy financing to extend a Dec. 15 deadline to Feb. 3 to give it more time to win court approval of a reorganization plan.

Bollywood mogul Anil Ambani to launch bid for MGM film studio

A Bollywood movie mogul is planning a takeover of the Metro-Goldwyn-Meyer Hollywood studio in an attempt to become one of the world’s most powerful film bosses.

By Dean Nelson in New Delhi
Published: 6:21PM GMT 15 Jan 2010

Anil Ambani has struck a series of deals with stars including Brad Pitt, Jim Carrey, Julia Roberts and George Clooney to develop their films Photo: AFP/GETTY

Anil Ambani already owns a controlling stake in Steven Spielberg’s DreamWorks studio and has struck a series of deals with stars including Brad Pitt, Jim Carrey, Julia Roberts and George Clooney to develop their films.

His Reliance Big Pictures company conquered Bollywood by producing the two most successful films of the last year while his current blockbuster, The Three Idiots, has broken Indian box office records. He hopes to expand his influence with an ambitious bid for MGM, the Hollywood studio which owns the James Bond franchise. Sources close to Mr Ambani confirmed his interest in acquiring MGM and said it would help him to achieve his ambition to become the world’s most powerful film mogul.


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Michael Caine's classic The Italian Job to be remade for BollywoodMr Ambani, who is married to Tina Munim, a former Bollywood actress, is a controversial but respected tycoon whose empire spans power generation, distribution, insurance, financial services and communications. His company is India’s second largest mobile phone operator.

He is locked in a bitter feud with his brother Mukesh, the richest Indian, which began following the death of their father, Dhirubhai Ambani, who began his career as a petrol pump attendant and made his fortune producing polyester for the poor. The brothers fought for control of the company, which was eventually divided into two groups.

Anil Ambani emerged as the world’s greatest loser in the 2008 financial crisis when he lost more than £18 billion. Today his fortunes have revived and his empire is growing once again.

The acquisition of MGM would bring one of Hollywood’s greatest film libraries under his control and land a series of likely box office hits over the next three years. MGM will release a new James Bond film in 2011, starring Daniel Craig, and two Hobbit films starring Sir Ian McKellen.

MGM needs a buyer to avoid potential bankruptcy later this year when a series of debts must be repaid. Its current consortium of owners is asking for bids beyond $2 billion, but debts of $3.7 billion mean it is likely to be sold for a lower figure.

http://www.telegraph.co.uk/news/worldne ... tudio.html

Anil Ambani emerged as the world’s greatest loser in the 2008 financial crisis when he lost more than £18 billion. Today his fortunes have revived and his empire is growing once again.

A study, conducted by Grant Thornton and Confederation of Indian Industry (CII), points out that by 2015, one third of the world's top-500 companies will be from emerging markets.

In just 45-days of 2010 India Inc has announced deals worth $14 billion, while in the whole of year 2009, India Inc. made deals worth a modest $11.9 billion.

Overseas acquisitions have already reached a record level of $12.4 billion this year, Dealogic says.

Between 2006 and 2008, Indian companies spent $62 billion to buy companies overseas

Bharti Mittal's multi-billion dollar African acquisition has finally been sealed. The board of Zain, Kuwait's largest mobile firm, has approved the sale of its African assets to India's largest telecom firm Bharti Airtel for $10.7 billion (Rs 49,000 crore)

Vipul wrote:Away from the Media spotlight on the Ambani's, Mittal's and Ruia's, two industrialist's who will be increasingly dominating their respective domains (and more) are Anil Agarwal and Gautam Adani.
Anil Agarwal driven by his Mega ambitions, has long ago fulfilled the initial target of unsitting the Aditya Birla Group as India's largest Metal's Producer/Trader. Just a dozen more of such ambitious, visionary and no holds barred mega entrepreuners is what India needs.