Sun Pharma Buys Organon for $11.75 Billion as Indian Firms Accelerate Overseas Deals
Updated
Updated · BBC.com · May 24
Sun Pharma Buys Organon for $11.75 Billion as Indian Firms Accelerate Overseas Deals
3 articles · Updated · BBC.com · May 24
Sun Pharma’s late-April agreement to buy Organon for $11.75 billion marked the biggest overseas acquisition by an Indian company in nearly 20 years.
The deal fits a broader outbound push as Indian companies seek markets, technology, brands and supply-chain resilience while growth, private investment and foreign capital inflows weaken at home.
Grant Thornton counted 162 Indian outbound acquisitions worth more than $18 billion in 2025, up 34% from a year earlier; recent deals include Tata Motors’ $4.4 billion Iveco buy and Coforge’s $2.35 billion Encora purchase.
Analysts say this wave is more strategic than the trophy-asset spree of the 2000s, but risks remain because large deals are still largely cash-funded and past bets such as Tata Steel’s Corus acquisition proved costly.
Free-trade deals with the UK, Europe and Australia could speed the trend, even as companies stay cautious on big domestic investments in an economy still facing weak demand and a softer rupee.
With new financing rules, are we about to witness an even bigger wave of Indian global takeovers?
Are Indian companies' multi-billion dollar overseas bets a strategic masterstroke or a high-stakes gamble?
Sun Pharma’s $12 Billion Organon Acquisition: Strategic Rationale, Financial Risks, and Global Ambitions Unpacked
Overview
Sun Pharmaceutical Industries Limited has proposed to acquire Organon & Co., marking a major move in the pharmaceutical industry. The boards of both companies have approved the deal, showing strong commitment to the merger. However, the acquisition is not yet final; it still depends on meeting key conditions, such as getting regulatory approvals and approval from Organon’s stockholders. These steps are essential before the deal can close, and the timeline for completion relies on successfully navigating these milestones. This process highlights the careful planning and coordination needed for such a significant transaction.