What Is Driving Investor Interest In Mergers And Acquisitions Deals
17 April 2019 7:34 AM GMT
The Results of ongoing General Elections 2019 will impact the upcoming mergers and acquisitions deals in India.
- The last financial year saw tremendous growth (both in number and in size) of mergers and acquisitions deals in India, both inbound and domestic, with few marquee transactions.
- The outbound acquisition by UPL Limited (through its international subsidiary UPL Corp) of Arysta LifeScience Inc. making UPL Limited a global leader in agricultural solutions
- The domestic National Company Law Tribunal ('NCLT') approved the merger of Vodafone Indian subsidiary and Idea Cellular and becoming the biggest combined telecom entity known as Vodafone Idea Limited
- Also, the investors are keen to dip their hands in the abundance of stressed assets available in the market ensuing the restructuring of IL&FS, the insolvency of Essar Steel (though it is fairly certain that ArcelorMittal has its eyes on this prize) and the NCLT approving major resolution plans.
- Also, the trend of the Indian Judiciary giving foreign investor favourable judgements (notable cases include favourable judgments for Daiichi and Ericson) has eased foreign investors in entering into commercial transactions with Indian entities.
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