IIPM MANAGEMENT INSTITUTE
Indian companies (with “monkey money,” as Guy Dolle would have put it) seem to be swinging away to glory on an astounding acquisition spree across the globe. Of course, the Indian M&A story was instigated by the IT sector, which went on an overdri
ve in the late nineties, and continued the same in this century (TCS’ acquisition of UK’s Vertex – the largest by an Indian software firm till date – being the latest). Slowly, and much evidently, the trend is catching up with other corporate identities as well. The rising need of global acquisitions is a consequence of diminishing boundaries, a clear aspect of globalisation. With Tata Tea acquiring Eight O’ Clock for $220 million, Aditya Birla Nuvo acquiring Canada’s largest outsourcing firm Minac for $125 million, Jindal bagging mining right for El Mutun mines and many more, Indian tycoons are scripting new milestones. And the wonder of it all is that, in terms of numbers, Europe accounted for over half the merger or takeover deals completed by Indian companies. And in value terms, it was South America. That means that Indian companies still have some way to go before targeting American companies. All in all, the Indian monkeys seem to now have a lot of money, eh?
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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri
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Indian companies (with “monkey money,” as Guy Dolle would have put it) seem to be swinging away to glory on an astounding acquisition spree across the globe. Of course, the Indian M&A story was instigated by the IT sector, which went on an overdri
ve in the late nineties, and continued the same in this century (TCS’ acquisition of UK’s Vertex – the largest by an Indian software firm till date – being the latest). Slowly, and much evidently, the trend is catching up with other corporate identities as well. The rising need of global acquisitions is a consequence of diminishing boundaries, a clear aspect of globalisation. With Tata Tea acquiring Eight O’ Clock for $220 million, Aditya Birla Nuvo acquiring Canada’s largest outsourcing firm Minac for $125 million, Jindal bagging mining right for El Mutun mines and many more, Indian tycoons are scripting new milestones. And the wonder of it all is that, in terms of numbers, Europe accounted for over half the merger or takeover deals completed by Indian companies. And in value terms, it was South America. That means that Indian companies still have some way to go before targeting American companies. All in all, the Indian monkeys seem to now have a lot of money, eh?For More IIPM Article, Click here
Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri
For More IIPM Info, Visit below....
IIPM World ! IIPM Rank ! Management School ! IIPM Rank India !
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