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In the recent years India has witnessed tremendous growth in the number of mergers, acquisitions, and amalgamations. The trend is dramatically growing with the increase in cut throat competition and the moreover with the globalization of business.
At present India has become a major country entering into cross border transactions with regards to business amalgamations. Some of the known examples of amalgamation in India are as follow:
. Tata Steel acquired UK based Corus Group at a deal value of US $ 12 million.
. Suzlon Energy acquired Belgium based Hansen Group at US $ 565 million.
. HPCL targeted Kenya Petroleum Refinery Ltd at US $ 500 million.
. Ranbaxy Labs at a deal of US $ 324 million acquired Romania based Terapia SA.
. Videocon acquired Thomson SA of France at about US $ 290 million.
. Hindalco targeted Canada to acquire Novelis at US $ 5982 million.
. Tata Chemicals acquired British salt based in UK with a deal of US $ 13 billion.
. Reliance Power and Reliance Natural Resources combined their operations at a deal of US $11 billion.
. Airtel acquired Zain in Africa with an amount of US $ 10.7 billion.
. ICICI Bank acquired Bank of Rajasthan at about Rs 3000 Crore.
. Fortis Healthcare acquired Hong Kong's Quality Healthcare Asia Ltd for around Rs 882 Crore.
. Wipro bought US based InfoCrossing at US $ 600 million.
. GTL Infrastructure acquired Aircel Towers at US $ 1.8 billion.
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