Merges and take overs
Download as PPTX, PDF2 likes2,311 views
The document summarizes major mergers and acquisitions that occurred in India in 2014. Some key deals included Flipkart acquiring Myntra for $2 billion, Asian Paints acquiring Ess Ess Bathroom Products, Reliance Industries taking over 78% of Network 18 for $660 million, Bharti Airtel acquiring Zain Telecom's African assets for $10.7 billion, Merck acquiring Sigma-Aldrich for $17 billion, Tata Consultancy Services merging with CMC, Tata Power acquiring a stake in an Indonesian coal company, Lactalis acquiring Tirumala Milk products for $275 million, and Facebook acquiring WhatsApp for $22 billion.
Merges and take overs
- 1. Merges And Takeovers By Venkatesh.M
- 26. Top mergers and acquisitions in India in the year 2014 • Flip kart- Myntra The huge and most talked about takeover or acquisition of the year.The seven year old Bangalore based domestic e-retailer acquired the online fashion portal for an undisclosed amount in May 2014. Industry analysts and insiders believe it was a Rs 2,000 crore deal. • Asian Paints- Ess Ess Bathroom Products: Asian paints signed a deal with Ess Ess Bathroom products Pvt Ltd to acquire its front end sales business for an undisclosed sum in May, 2014. This led to a 3.3% rise in share price for Asian paints.
- 27. RIL- Network 18 Media and Investments: Reliance Industries Limited (RIL) took over 78% shares in Network 18 in May 2104 for Rs 4,000 crores. Network 18 includes moneycontrol.com, In.com, IBNLive.com, Firstpost.com, Cricketnext.in, Homeshop18.com, Bookmyshow.com while TV18 group includes CNBC-TV18, CNN-IBN, Colors, IBN7 and CNBC Awaaz. Bharti Airtel’s take-over of Zain Telecom : Even as Bharti holds a uno position in the growing telecom markets of India, the company initiated a bold step of acquiring African assets of Kuwait’s Zain Telecom in a whooping $10.7 billion deal, As per an estimate Zain having strong presence in most of the countries in Africa. •Merck- Sigma Deal: One of the leading Indian manufacturers, Merck KA took over US based Sigma-Aldrich Company for $17 billion in cash, hoping the deal will help boost its lab supplies business. Sigma is the leading supplier of organic chemicals and bio chemicals to research laboratories and supplies groups like Pfizer and Novartis with lab substances.
- 28. TCS- CMC: Tata Consultancy Services (TCS), the $13 billion flagship software unit of the Tata Group, has announced a merger with the listed CMC with itself as part of the group’s consolidate its IT businesses under a single entity. At present, CMC employs over 6,000 people and has annual revenues worth Rs 2,000 crores. TCS already held a 51% stake in CMC. Tata Power- PT Arutmin Indonesia: India’s largest private power producer, Tata Power, purchased 30% stake in Indonesian coal manufacturing firm for Rs 47.4 billion. Kaltim Prima Coal (KPC) for Rs. 250 billion due to falling coal prices globally. It plans to sell the remaining 25% stake for $ 1 billion soon too. Tirumala Milk – Lactalis: The largest dairy player in the world, Groupie Lactalis SA, acquired the 18 year old Hyderabad based Tirumala Milk products for a whopping Rs 1750 crore ($275 million) in January, 2014. Founded in 1896 Tirumala is the second largest private dairy company in South India. Lactalis acquired 100% of their shares.
- 29. Aditya Birla Minacs- CSP CX: Aditya Birla Nuvo Ltd (ABNL) owned ABNL IT & ITeS Ltd. was sold to a Canadian based technology outsourcing firm marking Aditya Birla’s exit for the IT industry. The deal was chalked out with a group of investors led by Capital Square Partners (CSP) for $260 million (approximately Rs. 1,600 crore). Sterling India Resorts- Thomas Cook India: Billionaire Prem Watsa owned Thomas Cook India bought the Sterling Resorts India for Rs 870 crores in , marking Thomas Cook’s entry into the hospitality sector. Thomas Cook had earlier acquired Ikya Human Solutions in 2013. Face book - What's App: Face book has completed its purchase mobile messaging service WhatsApp for $22 billion () in cash and stock in the firms biggest ever acquisition. Face book will pay $4.59 billion (£2.86 billion) in cash and 177,760,669 shares in the company