1.

Tata Motors completes acquisition of Jaguar Land Rover

Tata Motors today acquired the Jaguar Land Rover business from the Ford Motor Company for a
net consideration of $2.3 billion, as announced on March 26, 2008 in an all-cash transaction.
Ford has contributed about $600 million to the Jaguar Land Rover pension plans. Jaguar Land
Rover has been acquired at a cost of $2.3 billion on a cash-free, debt-free basis. The purchase
consideration includes the ownership by Jaguar and Land Rover, or perpetual royalty-free licenses of
all necessary intellectual property rights, manufacturing plants, two advanced design centers in the
UK, and a worldwide network of national sales companies.
Long-term agreements have been entered into for supply of engines, stampings and other
components to Jaguar Land Rover. Other areas of transition support from Ford include IT,
accounting and access to test facilities. The two companies will continue to cooperate in areas such
as design and development through sharing of platforms and joint development of hybrid
technologies and powertrain engineering.

2. The Hutchison Essar Acquisition: Vodafone's Foray into an Emerging

Market
In the year 2007, the world's largest telecom company in terms of revenue, Vodafone Plc
(Vodafone) made a major foray into the Indian telecom market by acquiring a 52 percent stake in
the Indian telecom company, Hutchison Essar Ltd (Hutchison Essar), through a deal with the
Hong Kong-based Hutchison Telecommunication International Ltd. (HTIL). It was the biggest
deal in the Indian telecom market. Vodafone's main motive in going in for the deal was its
strategy of expanding into emerging and high growth markets like India. In 2007, India had
emerged as the fastest growing telecom market in the world outpacing China.
Though some critics felt that Vodafone had overpaid for Hutchison Essar, Vodafone contended
that the price was worth paying as the deal would help it get a massive footprint in one of the
most competitive telecommunication markets in the world.

3. Flipkart- Myntra
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 $300 million or
Rs 2,000 crores deal.
Flipkart co-founder Sachin Bansal insisted that this was a completely different acquisition
story as it was not driven by distress, alluding to a plethora of small e-commerce players

either having wound up or been bought over in the past two years. Together, both company
heads claimed, they were scripting one of the largest e-commerce stories.
If Myntra didnt merge with Flipkart, it would need to raise possibly more because the market
was only going to get more competitive with Amazon carving out aggressive long-term plans for
India. Amazon would be a greater threat to myntra if not merged. This is the biggest M&A deal
in India's e-commerce story to date. "We want to be a leader in every category that we are
present in. Fashion is definitely the category of the future and we want to be the biggest players
in this space," said Sachin Bansal, who co-founded Flipkart with Binny Bansal. This acquisition
of Myntra, involving a complicated share-swap process, also values Flipkart at over $2 billion,
possibly the first venture-funded Indian startup to cross that figure. While Flipkart is into a
number of categories, Myntra is focused on fashion e-tailing. With Myntra's share of 30% of
online fashion sales, Flipkart now has a 50% share in a segment that's clocking nearly 100%
annualized growth.

4. 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.
The company on May 14, 2014 has entered into a binding agreement with Ess Ess Bathroom
Products Pvt. Ltd and its promoters to acquire its entire front-end sales business including
brands, network and sales infrastructure, Asian Paints said in a filing to the BSE on Wednesday.
Ess Ess produces high end products in bath and wash segment in India and taking them over led
to a 3.3% rise in share price for Asian paints. Indias largest paints company Asian Paints Ltd
has entered into an agreement with Punjab-based Ess Bathroom Products Pvt Ltd (Ess Ess) to
acquire its entire front-end sales business, as per a stock market disclosure. The financial details
of the deal are not disclosed.

5. India Aluminum and copper giant Hindalco Industries purchased Canadabased firm Novelis Inc. in February 2007. The total worth of the deal was $6-billion.
On May 16, 2007, India-based Hindalco Industries Limited
(Hindalco), a subsidiary of the AV (Aditya Vikram) Birla Group of Companies (Aditya Birla
Group), acquired the US-Canadian aluminum giant Novelis Inc. (Novelis). The acquisition was
the result of an agreement arrived at between Hindalco and Novelis on February 10, 2007.
Hindalco was to buy Novelis for US$ 6 billion in cash, making it the second biggest acquisition
by an Indian company till then. Novelis was to operate as a subsidiary of Hindalco, and was to

have Kumar Mangalam Birla (Kumar Mangalam) as Chairman who was also the Chairman of
Hindalco and the Aditya Birla Group.

6. Ranbaxy- Sun Pharmaceuticals:

Sun Pharmaceutical Industries Limited, a multinational pharmaceutical company headquartered
in Mumbai, Maharashtra which manufactures and sells pharmaceutical formulations and active
pharmaceutical ingredients (APIs) primarily in India and the United States bought the Ranbaxy
Laboratories. The deal is expected to be completed in December, 2014.
Ranbaxy shareholders will get 4 shares of Sun Pharma for every 5 Ranbaxy shares held by them.
The deal, worth $4 billion, will lead to a 16.4 dilution in the equity capital of Sun Pharma.

7. Yahoo- Bookpad
The search engine giant, Yahoo, acquired the one year old Bangalore based startup Bookpad for
a little under $15 million, though the exact amount has not been disclosed by either of the two
parties concerned. While the deal value is relatively small, this was the first acquisition made by
Yahoo, and was much talked about and hence finds a mention in our list.
Bookpad was founded by three IIT Guwahati pass outs and allows users to view, edit and
annotate documents within a website or an app.

8. Facebook acquired whatsapp:

Facebook says it has wrapped up its landmark $19 billion acquisition of WhatsApp. WhatsApp
has continued to run its operation completely independently since then, but the closing of the
deal marks the start of a gradual integration as Facebook gives the worlds biggest mobile
messaging service legal and administrative support.
Facebook will now award 177.8 million shares of its Class A common stock and $4.59 billion in
cash to WhatsApps shareholders, it said in an SEC filing over the weekend, plus 45.9 million
shares (restricted stock units) to WhatsApps employees to complete the deal.

9. Merck- Sigma Deal :

Merck KGaA, Darmstadt, Germany, will acquire all of the outstanding shares of Sigma-Aldrich
for $140 per share in cash. The agreed price represents a 37% premium to the latest closing price

of $102.37 on September 19, 2014, and a 36% premium to the one-month average closing price.
The transaction is expected to be immediately accretive to Merck KGaA, Darmstadt, Germanys
EPS pre and EBITDA margin. Merck KGaA, Darmstadt, Germany, expects to achieve annual
synergies of approximately 260 million (approximately $340 million), which should be fully
realized within three years after closing.

10. The Fortis Healthcare merger:

In September 2011, Indias second largest hospital chain, Fortis Healthcare (India) Ltd,
announced that it will merge with Fortis Healthcare International Pte Ltd., the promoters
privately held company. This will make Fortis Asias top healthcare provider with the
approximate total revenue pegged at Rs. 4,800 crore. Fortis India will buy the entire stake of the
Singapore based Fortis International. This company is currently held by the Delhi-based Singh
brothers (Malvinder Singh and Shivinder Singh).

11: American Airlines (AAMRQ) Buys US Airways (LCC)

Transaction Value: $11 billion

US Airways (LCC) had long been looking for a merger partner, but probably didnt imagine it
would find a deal quite like this. AMR Corp. (AAMRQ) parent of American Airlines
emerged from bankruptcy with a deal in place to merge with US Airways, creating the worlds
largest airline in the process.
When American Airlines filed for bankruptcy protection at the end of 2011, it knew that coming
out of the process as a standalone company was a losing proposition. Enter US Airways
always a bridesmaid in the consolidation-crazy airline industry.
The deal gives American and US Airways a chance to compete against United Continental
Holdings (UAL) and Delta Air Lines (DAL) and a chance for American to pay back its creditors.

12. Merck- Sigma Deal:

Merck KGaA, Darmstadt, Germany, will acquire all of the outstanding shares of Sigma-Aldrich
for $140 per share in cash. The agreed price represents a 37% premium to the latest closing price
of $102.37 on September 19, 2014, and a 36% premium to the one-month average closing price.
The transaction is expected to be immediately accretive to Merck KGaA, Darmstadt, Germanys
EPS pre and EBITDA margin. Merck KGaA, Darmstadt, Germany, expects to achieve annual
synergies of approximately 260 million (approximately $340 million), which should be fully
realized within three years after closing.

12. Lenovo completed acquisition of Motorola Mobility

Who: Chinese PC maker Lenovo
What: completed the acquisition of Motorola Mobility
When: 30 October 2014
Chinese PC maker Lenovo completed the acquisition of Motorola Mobility from Google on 30
October 2014. The deal, valued at 2.91 billion US dollars, was announced in February 2014.
Google had acquired Motorola Mobility a couple of years ago. Following the acquisition, the
Motorola will become a wholly owned subsidiary of Lenovo but will remain headquartered in
Chicago's Merchandise Mart. The completion of acquisition by Lenovo will bring global scale, a
diverse product portfolio and a track record of seizing strategic opportunities for the Motorola.

13. Microsoft acquired Nokia handset business

Who: US software giant Microsoft
What: completed acquisition of Nokia's mobile handset business
When: 25 April 2014
Microsoft, the US software giant on 25 April 2014 completed acquisition of Nokias mobile
handset business, excluding the Nokias Chennai factory from the over 7.2 billion US dollar deal
due to tax issues. This exclusion of the Finnish firms largest manufacturing facilities of Chennai
plant will continue to operate under Nokia, on a service contract for Microsoft. The firms
Chennai factory was started in 2006 and the Nokias India operations began in 1995. In
September 2013, the Finnish handset maker Nokia agreed to sell all of its Devices and Services
(D&S) business to Microsoft.

14. Tata Power- PT Arutmin Indonesia:

Indias largest private power producer, Tata Power, purchased 30% stake in Indonesian coal
manufacturing firm for Rs 47.4 billion. Earlier this year, they sold off 5% of its stake in PT
Arutmin Indonesia (Arutmin) and PT 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.
KPC will also continue to be a part of the supply chain for Tata Power Groups coal off-take
requirements. Tata Power, through its wholly-owned subsidiaries, has signed an agreement to
sell its 30% stake in Arutmin and associated companies in coal trading and infrastructure, to a
Bakrie Group entity. The aggregate consideration for Tata Powers 30% stake is approximately

USD 500 million. Purpose: "We invested not for the purpose of investment but for securitization
of coal and to get the fuel at a discounted price.

15. 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 groups renewed efforts to
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.
The deal was inked a few days back. TCS already held a 51% stake in CMC. TCS holds a 51.12
per cent stake in CMC, which is into engaged in the design, development and implementation of
software technologies. As per the deal, CMC shareholders will get 79 equity shares of 1 each
of TCS for every 100 equity shares of 10 each of CMC. The swap ratio is based on a valuation
by BSR & Associates.
16.

Apollo Hospitals and Saarum Innovations (joint venture):

Apollo Hospitals and health science firm Saarum Innovations formed a joint venture for
establishment of Sapien Biosciences, the first commercial bio bank of India. Sapien Biosciences
was launched on 23 September 2013. The aim of the joint venture between Apollo Hospitals and
Saarum Innovations was creation of a sophisticated bio bank as well as a personalised medicine
company.
Shobana Kamineni, the ED, New Initiatives, Apollo Hospitals and Sreevatsa Natarajan, CEO,
Sapien Biosciences announced the details about this bio bank. Sapien Biosciences consists of
collections of high quality and systematically archived human samples which can be used for
new clinical and research and development applications
17. Mahindra & Mahindra acquires Ssangyong:
In March 2011, Mahindra acquired a 70 percent stake in ailing South Korean auto maker
Ssangyong Motor Company Limited (SYMC) at a total of 463 million dollars. This acquisition
will see the Korean companys flagship SUV models, the Rexton II and the Korando C foray
into the Indian market.
For Mahindra, the biggest benefit from this partnership will be the opportunity to harness
synergies between the two companies, while protecting their respective brand identities and
ensuring quality. Towards this end, a Synergy Council comprising of senior management from
both companies will be established to ensure focus and delivery of synergies between the two

companies. The Council will focus on various aspects such as global procurement, new car
development and business strategy to penetrate international markets.

18. The Vedanta Cairn acquisition

In December 2011 saw the completion of the much talked about Vedanta Cairn deal that was in
the pipeline for more than 16 months. Touted to be the biggest deal for Indian energy sector,
Vedanta acquired Cairn India for a neat 8.6 billion dollars. Although the Home Ministry cleared
the deal, it has highlighted areas of concern with 64 legal proceedings against Vedanta.
Mining group Vedanta Resources on Thursday completed the long delayed acquisition of oil
producer Cairn India Ltd, after 16 months of protracted wrangling over royalty payments.
Vedanta paid $8.67 billion for 58.5% stake in Cairn India, the company said in a press statement.
Iron-ore unit Sesa Goa Ltd holds 20% of that stake.
The London-listed mining group with no experience in oil and gas, paid $5.5 billion to British oil
firm Cairn Energy for 40% stake and accumulated the rest from public and Petronas of Malaysia.
The third largest acquisition ever by an Indian enterprise globally gives Vedanta control of
nation's biggest onshore oilfield in Rajasthan and 9 other properties in India and one in Sri Lanka
were a gas discovery was made recently.

19. Tata Starbuck Opened its First Store in India:

Tata Starbucks, a joint venture between Tata Global Beverages (TGBL) and Starbucks Coffee
Company, on 19 October 2012 opened its first store in India which is located in Horniman Circle
of South Mumbai. The company is going to open two more stores next week in Mumbai one
at Oberoi Mall in suburban Mumbai and another at the Taj Mahal Palace hotel in South Mumbai.
Also in Early 2013 the company will open its first store in Delhi.
It was earlier in January 2012 that the company announced its joint venture with Tata Global
Beverages Ltd. Starbucks Company runs 18,000 stores in 60 countries worldwide running
over 700 outlets in China, 1000 outlets in Japan and 8000 outlets in the U.S. The Tata Starbucks
joint venture aiming on sourcing products from India and sells them in Starbucks stores globally.
It is first time ever in 40-year history where the US coffee chain major Starbucks enters into
India and is sourcing and roasting its coffee locally.
The organized food market which includes fine dining, quick service restaurants, and cafe chains
is a perishable market and spreading very rapidly in India. There are around dozen coffee shop
brands, with 1,700 cafes in India and at least another 10 coffee retail firms looking at setting up
here in coming future. This high growth and ever growing demand is attracting many firms from
the US, Australia, Thailand and Hong Kong.

20. Singapore & Tata airlines:

The Tata Sons-Singapore Airlines joint venture announced the new brand name of its new airline
'Vistara'. The Delhi-based airline has already decided to lease 20 Airbus A-320s, including seven
A-320 Neo series planes which have the latest technology on board. The airline plans to have a
20-aircraft fleet in five years. Tata Sons holds a 51 per cent stake in TSAL while the remaining
49 per cent is owned by Singapore Airlines.
Singapore Airlines planning to invest $49 million and the Tatas providing the rest of the total
$100 million investment. The results of the deal expect to begin services in five cities and go up
to 11 within a year of launch with 87 weekly flights. These would link Delhi with Mumbai,
Bangalore, Goa, Hyderabad, Ahmedabad, Jammu, Srinagar, Patna and Chandigarh.