NEW DELHI: North America and Asia have emerged as the most sought-after destinations for India Inc's acquisition bids, with takeover deals in the region touching $12 billion in the first four months of fiscal 2008, an Assocham Eco Pulse study said.
India Inc's acquisition deals in North America are valued at $7 billion while that in Asia totalled $4.2 billion, the chamber said.
Indian businesses signed deals worth $5.1 billion with US-based companies during April-July 2007, with the Tatas, Essar, Reliance and Infosys leading the brigade.
Tata Group remained at the forefront with total deal values worth $2.13 billion in steel, hospitality and automotives sector, followed by Essar's acquisition of Minnesota Steel for $1.65 billion. Reliance Communication expanded footprint in the US communications market by acquiring Yipes for $300 million.
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