InMobi, the mobile advertising platform, was India`s first unicorn. The company announced late last year that it had acquired U.S. mobile data and advertising company PinSight Media. PinSight was previously wholly owned by US telecommunications giant Sprint. The 2G scam and the entry of Reliance Jio have brought various established companies in the telecom sector to the brink of exiting the Indian market. Heavily affected by Reliance Jio`s low tariffs, a price war broke out in the telecommunications sector. As the telecommunications sector became increasingly competitive, Vodafone India and Idea Cellular Limited, two of the largest companies at the time, struggled. The two companies decided to merge into a single entity. It was a win-win for Idea and Vodafone.

Vodafone and Idea launched their new corporate identity “Vi”, which marked the culmination of the merger of the two companies. This merger is estimated at $23,000,000,000 (only twenty-three billion US dollars). Oil and Natural Gas Corporation Ltd (ONGC) is considering the merger of its two refining companies, Mangalore Refinery and Petrochemicals Ltd (MRPL) and Hindustan Petroleum Corporation Ltd (HPCL) as part of its consolidation efforts for better resource management (HPCL). The planned merger was scheduled for 2021, but due to the outbreak, that date could be postponed. In a broader sense, acquisition refers to the acquisition of real estate. This is the acquisition by a company of a majority interest in the share capital of another existing company. Even if the management of both companies changes after the acquisition, the companies retain their respective legal personality. Enterprises remain autonomous and separate; The only difference is who controls them. Tata`s acquisition of Corus Steel in 2006 was valued at over $10 billion.

Tata`s initial bids were £4.55 per share, but after a bidding war with CSN, Tata increased its bid to £6.08 per share. As a result, Corus Steel was renamed Corus Steel and the merger created the fifth largest steel company. Unfavorable laws, both existing and newly enacted, have a significant impact on a foreign country`s investment opportunities in India. Government initiatives to accelerate mergers and acquisitions are examples of government support. As a result of these measures, India has risen to 63rd place in the World Bank`s Ease of Doing Business Index. Indus Towers was a joint venture between Bharti Infratel, Vodafone Plc and Vodafone Idea. Bharti Infratel and Vodafone Group each held 42% of Indus` shares. Vodafone Idea held an 11.15% stake and the remaining 4.85% went to private equity firm Providence. Airtel holds a majority stake in Bharti Infratel. In today`s world, the concept of mergers and acquisitions is becoming increasingly popular.

Consolidation through mergers and acquisitions is considered the most effective technique for reorganizing corporate structures. Bharti Infratel`s total stake in the combined company will increase from 53.51% to 36.73%; Vodafone Group shares rose to 28.12%. The combined company will own Bharti Airtel with 36.7% of the combined company, Vodafone UK (28.1%), Providence Equity Partners (3.1%) with a public stake (35.2%), e-commerce giant Flipkart merged with eBay India`s operations in 2017. The purpose of the merger was to provide Flipkart customers with an expanded product selection with the wide range of global inventory on eBay, while eBay customers would have access to a more unique Indian inventory of Flipkart sellers. The process has already begun with the merger of ONGC Mangalore Petrochemicals Limited (OMPL) and MRPL. MRPL holds a majority stake of 51% in OMPL, ONGC owns the remaining 49%. MRPL now owns the company as a wholly-owned subsidiary. Mergers and acquisitions are really one of the most useful methods to overcome current difficulties and improve business development.

The restructuring of the firm largely through mergers and acquisitions, large-scale transactions and other synergies appears to have helped domestic firms to improve their efficiency and competitiveness in the international market. On the other hand, the entry of foreign firms through mergers and acquisitions appears to have increased competitive pressure in the domestic market and forced firms to increase their competitiveness. Two of India`s largest media companies, Zee Entertainment Enterprises Limited and Sony Pictures Networks India, have agreed to a multi-billion dollar merger. The agreement has the potential to make the combined company one of the largest and most desirable in the country. Both companies are expected to benefit from the merger and synergies created between them, which will not only accelerate the company`s growth, but also allow shareholders to participate in its future success. The acquisition was rejected by Arcelor`s board of directors. Arcelor took the first step to thwart the takeover by placing its subsidiary Dofasco under a trust and using poison pill tactics to deter Mittal from buying the company. Mittal Steel`s ability to complete the transaction was hampered as a result.

Mittal agreed to a 45 percent cap and offered independent directors, including union representatives, 12 of the 18 seats on the board, as well as a one-year commitment to its shares. “Following this acquisition, InMobi will expand its North American operations to Kansas City in addition to San Francisco, New York, Los Angeles and Chicago,” the company said in its statement. HDFC Life, HDFC`s life insurance subsidiary, has acquired 100% (one hundred per cent) of the shares of Bangalore-based Exide Life Insurance Company from Exide Industries for INR 6,687,00,000 (only six thousand six hundred and eighty-seven crore Indians). With this acquisition, HDFC Life aims to expand its activities in Tier II and III cities, primarily in South and East India. Mergers are the consolidation of two or more corporations into a single entity, one surviving corporation and the other ceasing to exist. The assets and liabilities of the amalgamated corporation or corporations are acquired by the survivor. Zomato founder and CEO Deepinder Goyal said the acquisition “significantly improves our position in this category.” Zomato will now own 55% of the food delivery industry through Uber Eats, competing mainly with India-based Swiggy. Mittal Steel merged with Arcelor Steel, a Luxembourg steel company. “ArcelorMittal”, the new company, is now the largest steel company in the world.

Mittal Steel Chairman Lakshmi Mittal launched a hostile bid for Arcelor in January 2006. After a long struggle, the two companies merged to form the world`s largest steel company, controlling 10% (ten percent) of the global steel market. The transaction was valued at $38,300,000,000 (only thirty-eight billion dollars three hundred million).