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From Pharma To Telecom To Data Analytics, Piramal Surprises Again - To Buy Decision Resources For $635 Mln

 
• By Vikas Dandekar

India’s takeover tycoon looks at information arbitrage.

MUMBAI – A relatively recession-proof business backed by strong growth opportunities led India’s Piramal Enterprises Ltd. to acquire Massachusetts-based data analytics and consulting firm Decision Resources Group for $635 million. That translates into 4x the sales value of the roughly $160 million that the targeted firm is expected to clock in 2012.

Flush with cash from a mind-numbing $3.72 billion deal struck with Abbott Laboratories Inc. in May 2010, Piramal Healthcare Chairman Ajay Piramal – known locally as the takeover tycoon – made significant financial investments in telecom giant Vodafone’s Indian operations last August Also see "Abbott's Piramal Acquisition Is $3.72 Billion Push In Emerging Markets With Established Products" - Scrip, 21 May, 2010.

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