Hindustan Unilever deal largest Indian inbound M038;A on record

Moreover,the Unilever deal is the second largest Asia ex-Japan targeted transaction in 2013,behind CP All plc8217;s USD 6.6-billionn takeover bid for Siam Makro pcl,announced on April 23. On April 30,Anglo-Dutch consumer goods giant Unilever Plc will spend USD 5.4 billion over Rs 29,380 crore to hike stake in its Indian arm Hindustan Unilever to 75 per cent through an open offer. Unilever will pay Rs 600 a share in an open offer to raise its stake in Hindustan Unilever to 75 per cent from the current 52.48 per cent. Some of the major inbound deals wherein a foreign company or its subsidiary had acquired an Indian entity in the past,includes BP8217;s USD 9 billion acquisition of Reliance Industries8217; oil amp; gas assets and the acquisition of Cairn India by NRI billionaire Anil Agarwal led-Vedanta Resources for over USD 8 billion.

The United Kingdom has been one of the top acquirers of Indian assets over the years as another most prominent inbound deal also involved a UK entity Vodafone Group. Other key inbound transactions include Japanese drug major Daiichi Sankyo Company8217;s acquisition of majority stake in Ranbaxy Laboratories Ltd for up to USD 4.6 billion and US- based Abbott8217;s acquisition of Piramal Healthcare8217;s domestic formulation business for USD 3.72 billion.