1. Mergers & Acquisitions (Mergers & Acquisitions)
MG 761
Mergers & Acquisitions
Dr. Gracer Yung
Midterm Presentation
TATA GROUP
(Mergers & Acquisitions)

2. Introduction
TATA Group, an Indian multinational conglomerate company – Founded by Jamsetji Tata in 1868 and head quartered in Mumbai, India.
TATA Group comprises over 100 operating companies, with operation in more than 100 countries across six continents.
The revenue for period of TATA companies, $ billion. 67% of this coming from business outside India.
Product categories are airline, automotive, steel, IT, electricity generation, chemicals, beverages, telecom, hospitality, retail, consumer goods, engineering, construction and financial services
TATA is 5.3% of Overall Indian GDP

3. Mergers & Acquisition Transactions
Period
Tata Company
Acquired Company
Country
Amount
Stock
May-14
TATA Global Beverages
Earth Rules
Australia -
100%
Jul-13
TATA Consultancy Services
Alti Sa
France
$83.95 million
Apr-11
TATA Chemicals
Olam International
Republic of Gabon
$290 million
25.10%
Aug-11
EPM Mining Ventures
Canada
30.60%
Jan-10
TATA Communications
BT Groups UK
Apr-10
TRF
Hewitts Robins International
Dec-10
British Salt
$1.46 billion
Jan-09
Neotel
South Africa
30%
Mar-09
Grand
Russia
33.20%
Oct-09
TATA Motors
Hispano Carrocera SA
Spain
Jan-08
General Chemicals Industrial Products US
$1.04 billion
Mar-08
Jaguar and Land Rover
$2.36 billion
Jun-08
China Enterprise Communications Ltd
China
50%
Sep-08
TATA Power
Geodynamics
$44.1 million
10%
Dec-08
Citigroup Global Services
$512 million
Jan-07
TATA Steel
Corus
$12.2 billion
Nov-04
Tyco Global Networks
$130 million

4. Mergers & Acquisitions
TATA Group is a conglomerate company
In 20th October 2006 the board of directors of Anglo-Dutch steel maker Corus accepted a $7.6 billion takeover bid from TATA Steel.
Finally on 30th January 2007 TATA steel purchased a 100% stake in the Corus Group ($12.04 billion).
TATA became worlds fifth largest steel group.
In June 2008, India-based Tata Motors Ltd. announced that it had completed the acquisition of the two iconic British brands - Jaguar and Land Rover (JLR) from the US- based Ford Motors for US$ 2.3 billion.

5. Future Transactions
TATA Communication and Telenor Group, Norway to merge wireless telephony operations in India.
TATA Communication revenue is $3.2 billion
Telenor revenue is $16.51 billion
Both the companies are waiting for the Indian government to come out with its merger and acquisition policy after the ongoing telecom spectrum auction.

6. Conclusion
TATA Group, had an enormous improvement in automotive, steel, chemical industry after the mergers and acquisition.
IT business- BPO segment is facing a massive business threat from Philippines.
BPO projects are moving to Philippines because of improved education of locals, technology environment and low labor cost.
TATA’s M&A has to concentrate to get back the BPO business by concentrate in Philippines region.

7. Recommdation