Factbox: Indian ownership of British companies

Indian Hotels

12/08/2024 14:37

Aug 12 (Reuters) - India's Bharti Enterprises said on
Monday it would acquire a 24.5% stake in BT  BT.L , worth 3.2
billion pounds ($4 billion), to buy out the British company's
top investor Patrick Drahi.
    Here is a look at some other Indian companies that own
British firms.
                    
    * TATA GROUP
   The Indian business behemoth owns the UK-based luxury
carmaker Jaguar Land Rover, while Tata Steel  TISC.NS  has
plants in Britain, including the Port Talbot facility. 
    In 2023, Tata announced a more than 4 billion pound ($5.10
billion) investment in a UK electric car battery factory.
    
    * RELIANCE INDUSTRIES  RELI.NS  
    Reliance New Energy Solar Ltd bought British battery
technology company Faradion Ltd for $135 million in 2021.
    Reliance Brands Ltd acquired a 100% stake in the
259-year-old British toy store chain Hamleys from C Banner
International Holdings in 2019.
    
    * WIPRO  WIPR.NS  
    Indian IT firm Wipro acquired Capco, a UK-based management
consultancy firm in a $1.45 billion deal in 2022.
    
    * EICHER MOTOR  EICH.NS  
    The iconic British motorcycle manufacturing company Royal
Enfield was bought out by Eicher Motor Group in 1994 and is now
headquartered in Chennai. Founded in 1901 in Worcestershire,
England, it is the oldest global motorcycle brand in continuous
production.
    
    * MAHINDRA AND MAHINDRA LTD  MAHM.NS  
    Mahindra and Mahindra Ltd bought BSA Motorcycles in 2021 and
brought the defunct motorcycle brand back into circulation after
a nearly 50-year production halt.
    Standing for Birmingham Small Arms Company Ltd, BSA was
founded in Birmingham in 1861, for the production of firearms
and is globally known for its motorcycles now. 
    
    * TVS MOTOR CO  TVSM.NS 
The automobile group acquired the iconic British brand Norton in
2020. In fiscal 2023, the company also bought a 70% stake in
EBCO Ltd for producing and distributing electric bikes in
Britain.
    
    * UK FINTECH
    Indian investment group Wadhawan Global Capital was a lead
investor in a 32 million pound fundraise by British digital bank
Zopa in 2017
    
    * UK FINANCIALS
    There are no India-based investors among the top investors
in the UK's top publicly-listed banks and financial services
companies, according to LSEG data
    
    * INDIAN OWNED-COMPANIES IN THE UK
    Research by Grant Thornton found that there were 971
Indian-owned companies in the UK in 2024, up from 954 in 2023,
of which just 6% were in the financial services sector.
    Examples include: 
    * ST JAMES COURT HOTEL LTD is owned by The Indian Hotels Co
Ltd  IHTL.NS  and is part of the Taj chain of hotels. 
    * EET FUELS, formerly Essar (Oil) UK Ltd, which focuses on
decarbonisation efforts in the UK, is owned by Indian
conglomerated Essar Group.
    * PHARMACEUTICAL FIRMS: Major Indian pharmaceutical
companies including Dr Reddy's  REDY.NS , Cipla  CIPL.NS  and
Glenmark  GLEN.NS  have UK units, with some focusing on generic
medicines and supplies medicines to the NHS.
    * VEDANTA RESOURCES: The diversified miner, owned by Indian
businessman Anil Agarwal, is headquartered in London and was
formerly listed on the London Stock Exchange. 
(SOURCES: Grant Thorton, Reuters articles, company websites)
    

($1 = 0.7836 pounds)

 (Reporting by Aby Jose Koilparambil, Yamini Kalia in Bengaluru;
Elizabeth Howcroft in London; Editing by Janane Venkatraman
)
 ((abyjose.koilparambil@thomsonreuters.com; +917483275231;))