FIRSTPOST YOUSPEAK
Sunday, May 19th 02:08 AM IST
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Diageo Plc IMAGE.
strongNew Delhi:/strong UK-based Diageo's acquisition of 53.4 percent stake in Vijay Mallya-led United Spirits for Rs 11,166.5 crore ($2 billion) could be the biggest inbound M&A deal so far this year. Some of the major inbound deals -- wherein a foreign company or its subsidiary had acquired an Indian entity -- in the past, includes BP's $9 billion acquisition of Reliance Industries' oil & gas assets and the acquisition of Cairn India by NRI billionaire Anil Agarwal led-Vedanta Resources for over $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. It acquired Essar's stake in Vodafone Essar for $5 billion. [caption id=attachment_520936 align=alignleft width=380

strongNew Delhi:/strong UK-based Diageo's acquisition of 53.4 percent stake in Vijay Mallya-led United Spirits for Rs 11,166.5 crore ($2 billion) could be the biggest inbound M&A deal so far this year. Some of the major inbound deals -- wherein a foreign company or its subsidiary had acquired an Indian entity -- in the past, includes BP's $9 billion acquisition of Reliance Industries' oil & gas assets and the acquisition of Cairn India by NRI billionaire Anil Agarwal led-Vedanta Resources for over $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. It acquired Essar's stake in Vodafone Essar for $5 billion. [caption id=attachment_520936 align=alignleft width=380