Sun Pharmaceutical Industries Ltd’s proposed acquisition of US-based Organon & Co for an enterprise value of ₹11.75 billion marks the largest-ever overseas acquisition in the pharma sector by an Indian company.
It also ranks as the second-largest outbound deal by an Indian firm after Tata Steel’s takeover of Corus Group Plc.
Following are some of the major outbound acquisitions by Indian companies over the years:
Tata Steel acquired Anglo-Dutch steelmaker Corus Group Plc for $12 billion in 2007, making it the largest overseas takeover by an Indian firm. The deal, priced at 608 pence per share in cash, created an entity with a pro forma crude steel capacity of 27 million tonne and a workforce of about 84,000 across four continents, making it the world’s fifth-largest steel producer at the time.
Bharti Airtel acquired the African operations of Zain Telecom for $10.7 billion, marking the largest telecom acquisition by an Indian firm. The deal gave Bharti a footprint across 15 African nations.
Hindalco Industries acquired Novelis in 2007 for $6 billion, including about $2.4 billion of debt. Under the agreement, Novelis shareholders received $44.93 per share in cash.
Tata Motors agreed to acquire Italy-based Iveco Group’s commercial vehicle business (excluding defence) for euro 3.8 billion (about $4.5 billion) in 2025. This is the Indian automaker’s biggest buyout.
Bharti Airtel acquired a 24.5 per cent stake in BT Group for around $4 billion, becoming the single largest shareholder in the UK-based broadband and mobile services provider.