Rediff News
All News

NewsApp (Free)

Read news as it happens
Download NewsApp
Rediff.com  » Business » Tata Group's big acquisitions abroad

Tata Group's big acquisitions abroad

Source: PTI
January 31, 2007 11:58 IST
Get Rediff News in your Inbox:
Tata Steel's successful $11.3 billion takeover of its much bigger rival Corus Group is the latest in a series of acquisitions abroad executed by India's largest and one of the oldest corporate groups.

The acquisitions have meant that 30 per cent of the group's revenues today come from overseas operations.

Following are the major acquisitions by Tata Group companies in the past few years:

 * Tata Tea acquires 30% in US' Glaceau (Energy Brands) in August 2006 for $677 million

* Tata Tea buys 33 per cent in South African tea company Joekels through its subsidiary Tetley Group

* Tata Tea acquires US-based Eight'O clock coffee company for $220 million (Rs 1,050 cr) in June 2006

* Tata Chemicals picks 63.5 per cent in UK's Brunner Mond Group for Rs 508 crore (Rs 5.08 billion) in December 2005

* Tata Steel acquires Millennium Steel of Thailand in December 2005 for $404 million (Rs 1,800 crore)

* TCS buys out Chilean BPO firm Comicorn for $23 million  (Rs 107.02 crore) in November 2005

* TCS acquires Sydney-based FNS in October 2005

* Tata Technologies purchases INCAT International, UK in October 2005 for 91 million USD (Rs 411 crore)

* Tata Tea acquires Good Earth Corp in October 2005 for around $32 million

* Tata Auto Comp (TACO) takes over German auto components maker Wundsch Weidinger

* VSNL acquires Teleglobe International in July 2005 for $239 million

* Tata Steel buys Singapore's NatSteel in August 2004 for over Rs 1,300 crore (Rs 13 billion).
* VSNL takes over Tyco Global Network for $150 million (Rs 690 crore)

* Tata Chemical acquires Moroccan company Indo-Maroc Phosphore for Rs 166 crore (Rs 1.66 billion)

* Tata Motors picks 21 per cent stake in Spain's Hispano Carrocera for Rs 70 crore (Rs 700 million)

* Tata Tea buys Tetley, UK in February 2000 for Rs 1,870 crore (Rs 18.70 billion)

* Tata Motors takes over Daewoo Commercial Vehicle Company of Korea in March 2004 for Rs 459 crore (Rs 4.59 billion).

The Tata-Corus saga

Get Rediff News in your Inbox:
Source: PTI© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY 

Moneywiz Live!