In Pics: 5 key mergers and acquisitions in India

Here we take a look at five key mergers and acquisitions in India.

HDFC Life – Exide Life Insurance: In September 2021, Private life insurer HDFC Life Insurance announced that it will acquire Exide Life Insurance from Exide Industries in a deal worth Rs 6,687 crore. Credit: Twitter/@HDFCLIFE & @ExideLife

Sony Pictures – Zee Entertainment: India's largest publicly-traded television network Zee Entertainment Enterprises will merge with Sony Pictures Network India (SPNI), capping days of high drama during which the firm's shareholders sought removal of key officials. Sony, which will invest $1.575 billion, will hold 52.93 per cent stake in the merged entity and Zee the remaining 47.07 per cent, Zee Entertainment Enterprises (ZEEL). Credit: Twitter/@SonyPicsIndia & @ZeeTVME

Walmart – Flipkart: Global retail giant Walmart made its entry into Indian markets by acquiring major stake in major e-commerce company Flipkart in 2018. In a bidding war against Amazon, Walmart successfully acquired 77 per cent stake for $16 billion. This deal resulted in the expansion of Flipkart’s logistics and supply chain network. Credit: AFP Photo

PropTiger.com – Housing.com: India’s leading online real estate service provider, Housing.com joined hands with fellow competitor PropTiger.com in 2017. This merger raised the valuation of the new entity to close to $270-285 million. Credit: Twitter/@proptiger & @Housing

Vodafone – Idea: India’s telecommunications giant, Idea Cellular (Idea) announced its merger with the world's second-largest company, Vodafone India Limited (Vodafone) on March 20, 2017. Reportedly, their merger was valued at $23 billion. Credit: AFP Photo