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On similar lines, Tata Steel went abroad with acquisition of NatSteel in Singapore and Corus Steel in the UK.
Notable cross-border acquisitions
Some of the Notable cross-border acquisitions in the year 2006 are:
1. Videocon Industries buying Daewoo Electronics - $731 Million
2. Dr Reddy Labs acquires Betapharm Arzneimittel - $572 Million
3. Ballarpur Industries buys Sabah Forest Industries - $261 Million
4. Ranbaxy Labs acquisition of Terapia - $324 Million
5. Suzlon Energy buys Hansen Transmission - $565 Million
In total, Indian firms spent $15.72 billion in 192 overseas acquisitions. While this number may not be significant when compared on a global scale, this number is significant in the global context...
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