Business Environment, 4th Edition by Pearson

658 | Chapter 22

MNCs DEAL A BLOW TO DOMESTIC

COMPANIES

While Indian firms have been striking bulge bracket deals overseas, MNCs are

slowly but surely picking some gems in the domestic market. Over the last few

years, some of the sectoral leaders have been snapped up by MNCs, who have taken

a short cut to hit the bulls’ eye in one of the fastest growing emerging markets in the

world. While Ranbaxy’s sell-o to Japanese drug maker Daiichi Sankyo is the latest

to join the list, the other companies in the sectors like cement, electrical products,

and apparel have also witnessed sell-os.

The first big sale happened way back in 1993 when Ramesh Chauhan ...