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Mergers and Acquisitions in India - Mergers and Acquisitions

   Posted On :  26.06.2018 09:38 pm

The Murugappa group and RPG group have benefited of merger and acquisitions by becoming conglomerates of diverse businesses into one group.

Mergers and Acquisitions in India
 
Mergers and acquisitions in India are as given below.

The Murugappa group and RPG group have benefited of merger and acquisitions by becoming conglomerates of diverse businesses into one group. There are several examples of mergers in the Indian corporate world, such as, Polyolefin Industries with NOCIL, TVS Whirlpool Ltd with Whirlphool of India ltd., Sandoz (India) Ltd with Hindustan Ciba Geigy Ltd., and Shiva Soaps and Detergents Ltd with Nirma Ltd. Other examples are:
 
1. Spartek acquired Neycer India a sick company under BIFR in 1985. It acquired Styles India in 1998.
 
2. Godrej soaps acquired Transelektra Domestic Products Ltd (TDPL) and formed Godrej Hicone. TDPL has good brand equity and wide distribution network. It wanted a partner with strong finance, managment and systems competencies
 
3. Tata Telecom merged with Tata Keltron in 1995. Tata Keltron was named Tatafone and made it profitable which was earlier with BIFR
 
4. Sterlite communications & Sterlite industries merged to cross Rs, 1,000 crore turnover mark in June 1996.
 
Murugappa group: Growth of Acquisition 1980-95



RPG has grown from Rs 80 crore in 1979-80 to Rs 5,600 crore in 1996. RPG Groups acquisitions include cables, tyres, transmission and electronics. The list includes

          Asian cables
 
         Ceat Ltd
 
         Calcutta Electric Supply Corporation Ltd
 
         Carbon & Chemicals industries
 
UB group acquired
 
         Tamil channel GEC (Vijay TV)
 
         Berger Jenson & Nicholson UK with manufacturing base in 21 countries

         Sold away petrochemicals to SPIC
 
         Acquired Best & Cromption
 
 
The other groups include Shaw Wallace, Rajarathinam group, Manu Chabbria group, JVG, etc MA Chidambaram group, BPL, Sri ram group, Videocan, Maxworth Orchards,
 
HLL growth map is as given below
 
1992—Acquires Kothari foods
 
1993—Dollops from Cadburys Kissan from UB groups & Brooke Bond & Lipton (BBLIL)
 
1993—Merges with TOMCO
 
1994—Alliance with Quality ice cream
 
1995—Acquired Milk food
 
1995—Alliance with Lakme to form Lakme lever Ltd - Ponds 

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