Posts Tagged ‘Indian companies being acquired by global corporations’

Indian pharma Ranbaxy major becomes Japanese subsidiary

June 12, 2008

“Japanese drug firm Daiichi Sankyo announced the acquisition of a majority stake of more than 50 per cent in Ranbaxy for over Rs 15,000 crore” according to Economic Times.

 

It represents an interesting development;

 

  • First, Indian firms could get such high valuation internationally, proving he arrival of the truly India-born MNC’s.
  • Second, promoters are ready to accept reality than get bogged down by emotion.
  • Third, globalization has made the full circle in India; Tata acquiring Corus steel, India-born Lakshmi Mittal emerging as the largest global steel company thru Arcelor- Mittal; and, Ranbaxy being acquired by a Japanese company.

 

Interesting times indeed.