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Mergers and acquisitions (M&A) have made a positive comeback in the first 9 months of 2015, with 599 deals adding up to $39.5 billion. In 2007, M&A movement had topped to an untouched high of $50.2 billion, with enormous detonation acquisitions, for example, Tata Steel acquiring Anglo Dutch Corus for $12.1 billion. In 2015, the largest deal is Adani Ports acquiring Essar Ports for a $2.4-billion exchange. Others incorporate Cairn India’s dollar 2.2 billion merger with Vedanta. “The capital markets dull for a huge timeframe till a year ago, so with its starting up the craving of companies and the…
BY DEV CHATTERJEE Fuelled by the $57.8-billion merger of HDFC twins (HDFC Ltd and HDFC Bank), M&A (merger and acquisition) transactions in India touched a record high of $124.2 billion in the first half of 2022-23. Bankers said with several transactions, including the government’s stake sale in IDBI Bank and Hindustan Zinc in the pipeline,
“Some of the companies are what I call emerging gems or crowned gems that are coming to the capital markets, having withstood a reasonable test of time. We are seeing a blend of unique companies, a combination of new age companies and also some of the newer sectors from the traditional space like chemicals, pharma, healthcare and the broader consumer space, ” point out Kotak Investment Bankings S Ramesh and Sourav Mallik.