In October last year, the government sold Air India to the Tata Group.
Tata Steel bought Neelachal Ispat in January this year for Rs 12,100 crore.
Bought Big Basket for Rs 400 crore through Tata Digital.
New Delhi. Bisleri, which till now dominated the bottled water business, is now going to be owned by the Tata Group. Your Bisleri of all of us is now going to be of Tata Group. There are reports that Tata Group’s company Tata Consumer can buy Bisleri. The deal can be done for around Rs 6000-7000 crore. Nestle and foreign company Denon were also in the race to buy it, but Tata Group seems to be winning. Several rounds of talks have taken place between the two companies regarding the deal and the talks are in the final stages.
In the last few years, it has been clearly seen that Tata Group is rapidly expanding its business. Tata Group of about 22 lakh crores is increasing its hold in all areas of business. To grow the empire, the group has been buying fast growing companies. Let’s take a look at the recent big acquisitions of Tata Group.
1- The first number comes from Air India. In 2017, the government sold Air India to the Tata Group. In 1953, the government had nationalized Tata Group’s company Air India and made it the country’s airline, but due to mounting debt, the government had to sell it and Tata Group, seizing the opportunity, bought the company for 18000 crores. This moment was very emotional for the Tata Group.
2- After Air India, the number comes of Neelachal Ispat. In January this year, Tata Steel bought Odisha-based government company Neelachal Ispat for Rs 12,100 crore. The government wanted to sell this debt-ridden company for a long time and the government once again got the support of the Tata Group.
3- In October 2016, when N Chandrasekaran took over as the new chairman of the Tata Group, he made it clear that the group’s major focus would be to expand its online business. Also did a lot of shopping to spread the online business. The group bought Big Basket for Rs 400 crore through Tata Digital in 2021, bought 1mg, a company related to online pharmacy business through Tata Digital, for Rs 720 crore.
4- In this episode, Tata Group, which manufactures salt to steel and software, launched the country’s first super app Tata Niu in the market. Through this, customers could buy whatever they wanted from an app. Tata Group played a big bet through this app.
5- This is what happened when the group itself increased its reach by purchasing, but on many occasions it increased its hold in the market by selling part of its companies. In the last 1-1.5 years, defense, green energy business announced big strategic agreements. World’s renowned company Blockrock Real Asset sold 10.53% stake in Tata Power Renewable for Rs 4000 crore. Apart from this, the agreement between the Indian Air Force and the Tata Group was also in great focus. Tata-Airbus will jointly make transporter Airbus C-295 aircraft for the government. In this agreement of 15 thousand crore rupees, the company will prepare a total of 56 aircraft. Apart from this, the $ 1 billion agreement between Tata Advanced Systems and GE Aerospace strengthens the company’s hold in the defense sector. Together the two companies will make engine equipment for commercial aircraft.
The group’s market cap grew 7 times in the last 10 years.
The market is also liking the growing empire of Tata Group. Currently 27 companies of the group are trading in the market. Along with the group, he has also brought huge benefits to the investors. The market cap of the group has grown 7 times in the last 10 years. Investors’ money has more than doubled in 1 year. If the group continues to grow at this pace, then the days ahead for the investors will also be green.
FIRST PUBLISHED : November 24, 2022, 16:30 IST