Year of Indian MandAs

phew!!!! what an year the I- bankers the world over and India in particular have had ........ the year started with the great Mittals trying to buy out Acrelor Europe's No 1 Steel maker .....only to trigger a price war with Severstal.. the other big Euro Steel maker ....... but finally pulled it off by seeking the support of Acrelor shareholders and giving up some of his own control .like moving the HQ from London to Luxumberg. .......

then we had the Pharma sector ( read ranbaxy) trying to buy into the Generic markets of Europes.......... with so much happening can the Indian IT sector be far behind.. we had Wipro making a slew of Acquistions though small ones .. TCS too buying some Latin American Footprints...........

IF TCS can do it .........then can the Flagship Tata company sit idle...... it came out with a offer to buy out Corus ( yet another Euro company .. Euro-india combo?? coincidence??) ...... but seems like the offer has run into some real rough weather as of now ....... with another BRIC nation's Steel maker (CSN) trying to beat it penny for penny literally .......no sooner than I-Bankers Cobble up the additional $1 Billion required for tata to buy out Corus .......does CSN come out with a revised higher offer ...... this story is far from over .....let us keep watch in 07 for this

As if all this was not enough.......we now have Hutch up for grabs ..... the bankers cant have their Christmas holidays this year for this is deal is being touted as the mother of all MandAs.. with the valuations at an astonishing $18Billion and slated to go higher .. given the high interest it is generating......Vodafone wants it .. Reliance wants it ......If bharathi does not want to buy .. it atleast wants to stop Reliance ..else the battle for Subsriber numbers will be over .. Reliance 45 million .. Bharathi 25 Million ....+ there are a host of others looking at hutch as a Tandoori platter which will leapfrog them into the Fastest growing mobile market in the world....... 2007's most keenly watched business case will be the Hutch Battle Vs the Tata-CSN fistfight for Corus .......