India: Another Overseas Trophy Deal

India's Hindalco Industries' $6 billion takeover of Atlanta-based Novelis will create a metals giant. But investors are wary about the price

Not even two months into 2007, this is already shaping up to be a breakout year for Indian cross-border acquisitions. At the end of January, Tata Steel bagged Anglo-Dutch steelmaker Corus Group (CGA) in a $12 billion deal, the biggest ever foreign transaction by an Indian firm.

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