FACTBOX - Top outbound M&A deals from India
REUTERS - Ford Motor Co is expected to confirm the sale of its British luxury brands Jaguar and Land Rover to India's top vehicle maker Tata Motors for over $2 billion later on Wednesday.
Here are five facts about Indian outbound M&As, according to data from Thomson Financial:
- Tata Steel engineered India's biggest takeover yet, a $13 billion purchase of Corus Group Plc, more than double the size of the No. 2 deal, the purchase of Canada's Novelis by Hindalco Industries in 2007.
- Indian firms completed deals worth $31.4 billion in 2007, up from about $7 billion the previous year.
- Before the expected deal with Ford, cross-border acquisitions announced by Indian companies in 2008 totalled $2.4 billion from 51 deals.
- After the expected Tata Motors deal, the No. 2 deal this year was by Tata Chemicals, which agreed to pay $1.01 billion for U.S.-based General Chemical Industrial Products Inc.
- Standard Chartered Plc tops the league table for financial advisors in 2008, with more than half the market.
Source: Thomson Financial
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