Echoing this view, Ravi Shankar, JP Morgan’s co-head of investment banking for India and head of the technology, media, telecom (TMT), and consumer & retail verticals, said capital markets are proving to be effective enablers for outbound M&A.
Several Indian firms have already begun executing outbound deals. Mint noted that RPG Group’s Ceat acquired Canada-based Camso in a $200 million deal last year.
Indian companies are increasingly scouting for acquisition opportunities overseas to tap into advanced technology, enhance manufacturing capabilities, and diversify their global footprint, senior executives at JP Morgan told Mint.
“India outbound could be quite relevant in the years to come, especially in a three-to-five-year timeframe,” said Nitin Maheshwari, co-head of investment banking at JP Morgan India. “There are live conversations that are starting to happen with target companies that our clients have tracked historically,” he told Mint.
Maheshwari, who also heads mergers & acquisitions (M&A) and financial sponsors for India, said that the combination of stronger balance sheets and valuable listed securities is enabling Indian companies to pursue international deals, particularly as global assets become more affordable.
Echoing this view, Ravi Shankar, JP Morgan’s co-head of investment banking for India and head of the technology, media, telecom (TMT), and consumer & retail verticals, said capital markets are proving to be effective enablers for outbound M&A.
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