A PROJECT REPORT

ON
“A STUDY ON MERGER & ACQUISTION “

SUBMITTED BY
JITENDRA SHAH

UNDERTHEGUIDANCEOF
Prof.Mr. Pankaj Upadhyaya
2010-2012
 DECLARATION

I hereby declare that this Project Report titled A STUDY O N

MERGER & ACQUISTION BY JITENDRA SHAH´ submitted by me
to Prof. Pankaj Upadhyaya ,IIPM, New Delhi, is a bonafide work
undertaken by me and has not been submitted to any other university or
Institution for the award of any degree diploma/certificate or published
any time before.

Name of the student

Signature of the student
(Jitendra Shah)
PLACE: IIPM, New Delhi
DATE:
 ACKNOWLEDGEMENT

I get this opportunity to remember and acknowledge cooperation,

support provided by several individuals out of which this project has
involved, I am grateful to all those who have directly or indirectly
contributed to make this project a success. I would like to thank College,
Prof.Mr. Pankaj Upadhyaya IIPM, New Delhi, for their meticulous
guidance throughout my project. I express my gratitude to my internal
guide Prof.Mr. Pankaj Upadhyaya for his valuable assistance, guidance
and suggestions for completion of my project.
On this occasion I would like to thank my friends for their valuable time
that, they have allocated to me for my completion of this project.

PLACE: IIPM. New Delhi

(Jitendra Shah)
DATE:
S.No. Contents PG. No.
01. CHAPTER1 INTRODUCTION 1-2
1.1 Need for the study 3
1.2 Objectives 3
1.3 Scope 3
1.4 Limitations 3
1.5 Sources of Data 4
02. CHAPTER 2- REVIEW LITERATURE 5-6
2.1 Merger 6
2.2 Acquisition 8
2.3 Takeover 8
2.4 Types of Merger 12
2.5 Advantages of Mergers & Acquisitions 14
03. CHAPTER 3- Videocon & Daewoo 18
3.1 About Videocon 19
3.2 Today the group operates through 4 key sectors 19
3.3 About Daewoo 20
3.4 Videocon Daewoo Mergers 21
3.5 Background on Daewoo's Appliance Business 24
04 CHAPTER 4- MERGER JET-SAHARA 25
4.1 JET AIRWAYS 26
4.2 MERGER JET-SAHARA 32
4.3 Major Changes in the Business Environment affecting the Airline 32
Industry
4.4 Technical Issues 33
05 CHAPTER 5- AIR DECCAN MERGE WITH KINGFISHER 34
5.1 Air Deccan 35
5.2 Merger 35
5.3 Limited Air Infrastructure 37
5.4 Cost Structure of an Airline 37
5.5 Air Deccan’s Ticketing System 38
5.6 Innovation in Pricing 38
5.7 Innovative Promotion at Air Deccan
38
5.8 Financing Air Deccan
38
5.9 MRO Facilities
39
06 CHAPTER 6- TATA CORUS ACQUISITION 40
6.1 All about TATA & Corus 41
6.2 Tata Corus Acquisition 41
6.3 The Involved companies 42
6.4 Synergies between the two Companies 42
6.5 Tata-Corus among top 5 deals 43
6.6 Proposed funding of the deal 43
6.7 The deal
44
6.8 Timelines
44
6.9 Final deal structure
6.10 New Board formulation 45
6.11 Strategic and Integration Committee 45
6.12 Revised Acquisition of Corus by the Company 45
 6.13 Financing the Acquisition 47
07 BIBLIOGRAPHY 53