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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Mergers and Acquisitions »
 Deals of the day-Mergers and acquisitions APRIL 26, 2018
 Wipro Consumer Care scouts for acquisitions in developing countries
 Top 5 most interesting mergers and acquisitions of the past year
 Vodafone, Idea merger in process; likely to be completed by May
 Indian auto component makers are hungry for overseas acquisitions
 Nine digital health mergers and acquisitions from the first quarter of 2018
 Deals of the day-Mergers and acquisitions April 2, 2018
  Deals of the day-Mergers and acquisitions March 28, 2018
 Top 7 M&A deals in India: Who joined hands with whom and for how much?
 Manipal Hospitals buys Fortis Healthcare: A look at major mergers and acquisitions in the pharma industry
 Deals of the day-Mergers and acquisitions March 28, 2018

Merger and acquisition activity declines 60% in Jan-March
April, 25th 2009

Merger and acquisition (M&A) activity declined by nearly 60 per cent in the quarter ended March compared with the corresponding period last year, according to a study.

Indian companies were involved in a total of 54 M&A deals, including cross-border and domestic transactions, in the March quarter as against 135 deals during the same quarter in 2008 and 89 deals during the immediate previous quarter, according to a study by the Chennai-based Venture Intelligence, a research service that focuses on private equity and M&A activity in India.

The first quarter of 2009 saw 26 deals with an announced value of $4.6 billion. There were 15 inbound and outbound deals each with the rest being domestic acquisitions. Manufacturing was the most active industry with 10 deals, followed by IT & ITES with seven. Healthcare and life sciences, food & beverages, telecom and agri-business were the other industries that witnessed significant M&A activity.

Large deals

The largest inbound deal saw France-based stationery manufacturer BIC acquiring a 40 per cent stake in Mumbai-based stationery-products maker Cello Pens for about $160 million (Rs 800 crore). Other notable inbound deals included American Tower Corporation acquiring XCEL Telecom; Mylan Labs acquiring residual stake in Matrix Laboratories and Sodexos acquisition of Radhakrishna Hospitality Services Group.

The Radhakrishna Hospitality and Cello Pens deals seem to validate the thesis that 2009 is likely to witness significant inbound transactions by multinational companies with strong balance sheets seeking to acquire Indian companies when valuations are attractive, said Mr Arun Natarajan, CEO, Venture Intelligence.

Global buys

The March quarter also saw Indian companies aiming to close out on their acquisitions of global energy/commodities assets. Notable deals in this category included ONGC Videshs closing out on the acquisition of UK-based Imperial Energy for $1.9 billion and Sterlite Industries new bid for US-based copper mining firm Asarco at a renegotiated value of $1.7 billion.

The largest domestic M&A deal during the period was Reliance Industries acquisition of group company Reliance Petroleum. In other domestic deals, Private Equity-backed Nuzhiveedu Seeds acquired a 51 per cent stake in two seed companies Yaaganti Seeds and Pravardhan Seeds during the period, according to the study.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

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