Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: cpt :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: due date for vat payment
 
 
« Mergers and Acquisitions »
 Deals of the day-Mergers and acquisitions Nov 14, 2017
 Largest cybersecurity M&A deals in 2017
 State Bank of India eyes profitable expansion outside home
 Deals of the day-Mergers and acquisitions Nov 6, 2017
 Large merger and acquisitions back in Indian pharma
 RBI norms may spur digital wallet mergers
 How Indian businesses are evolving M&A strategies
 Deals of the day-Mergers and acquisitions Nov 3, 2017
 Ease of doing business in India remains a major concern: Airtel’s Sunil Mittal
 Mergers and Acquisitions hit by demonetisation, GST roll out
 M&A deals in pharma sector decline in 2017, amid tough business conditions

Why India Inc is on an M&A spree, preferring inorganic growth to investing in fresh projects and capacities
May, 15th 2017

VS Parthasarathy, group chief financial officer of auto and farm equipment maker Mahindra & Mahindra (M&M), recalls a conversation with a supplier a few years back that was one of the inspirations behind MSquare Alliance, an online portal to help small and medium enterprises make acquisitions. It was just after M&M had pulled off an overseas buyout and the supplier let on that he too was pursuing an inorganic strategy for growth.

MSquare Alliance is a forum for the Mahindra ecosystem that helps smaller companies conclude deals by providing them with support services. M&M has a threemember team managing the service, which is free for Mahindra’s dealers and suppliers, and is available for a fee for any other company. Operational since 2013, the service, says Parthasarathy, has picked up pace in the last year. “There is a tsunami of M&A happening below the radar,” Parthasarathy told ET Magazine. “There are people who you and I do not get to meet, who are striking deals for growth.”

Two big deals in the past eight-nine months didn’t, however, escape the radar — both from the Aditya Birla Group. In August 2016, the conglomerate announced the merger of Grasim and Aditya Birla Nuvo, creating a Rs 60,000 crore behemoth. The deal got shareholder approval in April 2017. In between, in March, a $27 billion merger of Idea Cellular and Vodafone India was announced, which will create the largest Indian telecom company. Neither was technically a takeover or a buyout, but Sushil Agarwal, Aditya Birla Group CFO, insists that both transactions were done with an eye on growth. The Grasim-Nuvo merger was designed to provide Nuvo’s growth business, the financial services subsidiary, “a stronger parentage” of Grasim’s balance sheet. The Idea-Vodafone deal, too, sacrificed control — Vodafone will hold 45.1% of the merged entity and the Aditya Birla group 26% — and prepped it up for growth and competition, namely Relian Jio.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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