Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: empanelment
 
 
« Mergers and Acquisitions »
 The Deal Economy Conference Reveals Upbeat Forecast for Mergers & Acquisitions in 2017
 Mergers and acquisitions almost halve over three months following Brexit vote
 Mergers & acquisitions: a lesson in cyber-security complacency and reputational ruin
 Notable Mergers and Acquisitions 12/5: (CNSL)/(FRP) (CX) (FDML)
 What is Triggering the Wave of Mergers & Acquisitions in the Indian Internet Space?
 Oil and gas mergers and acquisitions are finally making a comeback
  Mergers: Commission approves acquisition of St Jude Medical by Abbott Laboratories, subject to conditions
 Mergers and Acquisitions: What’s Happening in the OFS Industry?
 Mergers: Commission approves acquisition of St Jude Medical by Abbott Laboratories, subject to conditions
 Prediction: These 8 Companies Will Get Bought in 2017
 Third Quarter Results Show Continued Strength in Mergers and Acquisitions

Indian companies seek M&A deals in Canada
March, 25th 2011

Indian companies are negotiating several M&A deals in Canada to secure technology, natural resources and access to the US market as they globalise operations, while Canadian firms are seeking capital, marketing skills and partners in the rapidly growing Indian economy.

The number of deals, including the ones being negotiated, could be in hundreds, ranging from consumer products to technology companies, Rahim Allani , managing director at Orbixa Capital International , told ET on the sidelines of a conference. "A lot of companies are looking for deals. Canada is a very good place for entry to the North American market," said Allani, whose company also has mandates from Indian companies for a few deals in China.

Indian companies have emerged as leading predators in the international arena after a spate of outbound M&A deals, including Bharti Group's $10.7-billion deal for the African telecom assets of the Kuwaiti Group and the earlier high-profile deals like Hindalco's acquisition of Canadian aluminium maker Novelis and the Tata group's acquisition of Corus as well as Jaguar and Landrover. Indian deals added up to nearly $70 billion in 2007, but had fallen to $21 billion in 2009 before recovering to the level close to the 2007 record.

Apart from big-ticket acquisitions, there were also a series of smaller deals, many of which did not add significant value to the company that made the acquisition. But the deals currently being negotiated are very focused, Allani said. "Earlier, Indian companies looked at a deal for the sake of a deal. Now they are looking for a specific market, technology, good fit and good value or a brand," he said.

Industry officials said many medium-sized or small Canadian companies, particularly those involved in clean technologies, were potential targets as they had the expertise and knowhow but lacked funding, marketing skills and entrepreneurial abilities of Indian firms. "The venture capital environment in Canada is not robust enough. It is very difficult to get funding," said Sarah Kutulakos, executive director of the Canada China Business Council.

Josee Methot, Montreal-based CEO of Reseau Environment, which represents 400 companies, 200 municipalities and 20 government agencies involved in environment and related technologies, said Canadian companies lacked the necessary aggression to compete and expand on their own.

"We have great doers but we don't have good sellers. Big companies are buying our technology. We try to tell companies that we can do it, the government can help. But we are not aggressive enough. That is the way we are conditioned. That is the way we are in school," she said on the sidelines of the Americana 2011 conference organised by Reseau Environment, which brought together hundreds of delegates from USA, Europe, Canada and a few from Asia.

In contrast, senior Indian executives exude business confidence.

"Indian companies have the balance sheet and the muscle to take technology to market," RR Sonde, executive vice-president of Thermax said on the sidelines of the Americana conference.

Source: http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/indian-companies-seek-ma-deals-in-canada/articleshow/7784077.cms

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions