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: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt :: form 3cd :: empanelment :: due date for vat payment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD
Mergers and Acquisitions »
 Deals of the day-Mergers and acquisitions june 20, 2017
 How new funding avenues, M&As are powering India’s renewable energy sector
 Finance Ministry asks PSBs to explore acquisition of smaller banks
 Bank of Baroda, Canara Bank may lead next round of mergers
  Deals of the day-Mergers and acquisitions June 13, 2017
 India’s booming stock market has a downside: It’s making M&As expensive, says BNP Paribas
 Cross border mergers make India favoured FDI route: UNCTAD
 BNP expects challenging 2017 for India M&A deals as stocks rally
 Why Gulf mergers and acquisitions are back on the rise
 Sebi issues listing norms for NCDs in mergers and acquisitions
 Indian chemical industry: Will M&A be a game changer?

India-led M&As touch $40 billion in January-June 2010
June, 25th 2010

Takeovers by Abbot Laboratories and Bharti Airtel helped mergers and acquisitions in India quadruple in the first half of this year from a year ago, strengthening views that corporates are turning optimistic about earnings prospects.

Indian transactions accounted for a sixth of the total Asian deals of $242.1 billion from 5,078 deals, a rise of 21%. Bhartis acquisition of Zain assets in Africa for $10.7 billion tops the Asian list.

M&As in India touched $40 billion in the first six months of the year, according to a Thomson Reuters M&A report. This is the best first half since 2007. This calendar has seen outbound M&As pick up substantially on the back of good economic growth and valuations," said Raj Balakrishnan, head of M&A at BankofAm Merrill Lynch. We expect the interest in outbound activity to continue as Indian companies seek to expand globally. We will see medium-size deals and one cannot rule out larger billion dollar-plus deals either.

Sunil Mittals Bharti led the revival of India Incs acquisition frenzy with the purchase of Zain Africa in February. Mukesh Ambanis Reliance Industries is actively pursuing investments in the US shale gas ventures with the latest being the $1.3 billion payment for a 45% stake in Pioneer Natural Resources. Indian companies are also being bought with drugmaker Abbots buy of Piramal Healthcares formulations business for $3.72 billion. The telecom sector topped the league table with deals valued at $13.8 billion.

The thawing of credit markets last year after central banks co-ordinated measures has revived the spirit of Indian entrepreneurship. This follows a lull in 2008 and 2009 after a splurge in the 2004-07 bull run, which left many including Dr Reddys Laboratories and Tata Motors grappling with financial stress.

Since the demand in developed markets is plateauing, some of the global companies are willing to pay over the odds for Indian companies where a billion-plus population provides scope for growth.

Inbound M&A activity has been relatively subdued on account of valuation resistance but, going forward, this too may pick up as international companies realise the potential of the Indian markets, says Mr Balakrishnan. Value of deals in energy tripled to a record $8.8 billion, compared to a year earlier, the report said. The value of overseas acquisitions by Indian companies, known as outbound M&As, was nearly thrice that of acquisitions of domestic firms or, inbound M&As.

Abbotts acquisition last month is the highest inbound acquisition so far this year and the highest inbound deal in the healthcare sector on record, said the Thomson Reuters report. It is also the third-largest inbound deal in India on record. US companies topped the local purchases with more than half the value of the deal.

Private equity deals rose a slower 52% to $1.7 billion as valuations deterred deals. Transcend Infrastructures acquisition of privately-held Essar Telecom Infrastructure for $431.6 million was the highest in the segment.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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