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  • Top Tata Buyouts Report

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    Sanket Pai
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    Tata Group made several major acquisitions between 2000-2008, including Corus Steel for $13 billion in 2007, making it the largest acquisition of a foreign company by an Indian group. Other major acquisitions included Jaguar Land Rover for $2.3 billion in 2008, Tetley tea for $375 million in 2000, and Hotel Ritz Carlton for $170 million in 2006, demonstrating Tata Group's expansion globally through strategic buyouts.

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    Tata Group made several major acquisitions between 2000-2008, including Corus Steel for $13 billion in 2007, making it the largest acquisition of a foreign company by an Indian group. Other major acquisitions included Jaguar Land Rover for $2.3 billion in 2008, Tetley tea for $375 million in 2000, and Hotel Ritz Carlton for $170 million in 2006, demonstrating Tata Group's expansion globally through strategic buyouts.

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    3 views1 page

    Top Tata Buyouts Report

    Uploaded by

    Sanket Pai
    Tata Group made several major acquisitions between 2000-2008, including Corus Steel for $13 billion in 2007, making it the largest acquisition of a foreign company by an Indian group. Other major acquisitions included Jaguar Land Rover for $2.3 billion in 2008, Tetley tea for $375 million in 2000, and Hotel Ritz Carlton for $170 million in 2006, demonstrating Tata Group's expansion globally through strategic buyouts.

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    TOP TATA BUYOUTS

    Year 2007 2008 2008 2008 2000 2005 2002 2006 2005 2006 Acquired co Corus Jaguar Land Rover General Chemicals Citigroup Global Services Tetley Natsteel Asia VSNL (now Tata Comm) Eight OClock Brunner Mond Ritz Carlton Acquirer Tata Steel Tata Motors Tata Chemicals TCS Tata Global Bev Tata Steel Tata Sons Tata Global Bev Tata Chemicals Indian Hotels Deal size 13bn 2.3bn 1.0bn 512m 440m 375m 319m 220m 176m 170m

    Corus Acquisition
    Introduction:
    On 20 October 2006 the board of directors of Anglo-Dutch steelmaker Corus accepted a $7.6 billion takeover bid from Tata Steel, the Indian steel company. The following months saw a lot of negotiations from both sides of the deal. Tata Steel's bid to acquire Corus Group was challenged by CSN, the Brazilian steel maker. Finally, on January 30, 2007, Tata Steel purchased a 100% stake in the Corus Group at 608 pence per share in an all cash deal, cumulatively valued at USD 12.04 Billion. The deal is the largest Indian takeover of a foreign company and made Tata Steel the world's fifth-largest steel group.

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