Share buybacks in 2017 nearly doubled from the previous year to a record Rs55,236 crore, data shows. At a time of strong rally in equities, companies were exhausting their cash reserve to reduce share count through...
FDI norm: Sourcing rule could be a sore point for companies not buying locally
The relaxation of FDI norms in single-brand retailing in India will benefit companies that source goods from the country for their global operations. Companies that use ‘cutting-edge’ or ‘state-of-the...
M&A deals rose 53.3% to $77.6 billion in 2017: report
2017 was a blockbuster year for merger and acquisition (M&A) activity in India with deal values increasing by 53.3% to $77.6 billion, compared with $50.6 billion in 2016. Deal volumes rose by 2.5% to 614 deals in...
2018 may see M&As worth $50 billion on back of stressed assets
India is likely to see mergers and acquisitions (M&A) worth $50 billion in 2018 on the back of plenty of stressed corporate assets on offer at tempting valuations, according to a report. The Assocham Year Ahead...
How recent valuations have affected M&A deals
The Indian markets have been on a high, with both the Nifty and the Sensex reaching records in November 2017 and a slew of initial public offerings (IPOs) in the market. Higher valuations are reflected in the increasing...
New insolvency rules will reduce flexibility
The Insolvency and Bankruptcy Code is one of the biggest reforms of recent times and is expected to be the solution to the country’s highly stressed banking system. In fact, this view is also acknowledged by the World...
The Great Indian Asset Sale: conditions apply
The government wants to send a tough message to promoters. Last week’s amendment of the Insolvency and Bankruptcy Code makes it very difficult for promoters of a company that is a loan defaulter to submit a resolution...
India Inc’s M&A value dips 55% to $6.2 bn in Sept quarter
India Inc’s merger and acquisition activity declined 55 percent to $6.2 billion in value terms during September quarter, as a sense of caution prevailed on the deal street, says a report. According to EY’s...
Value of India M&A deals in 2017 seen at $46.5 bn, $52.8 bn in 2019
Mergers and acquisition (M&As) activity may reach $46.5 billion in 2017 and is likely to touch $52.8 billion in 2019, aided by government efforts towards ease of doing business, says a report. In 2018, the global...
India’s M&A activity slows down due to ‘flagging economy’, says report
Corporate India’s M&A deal tally took a 63.4 percent hit in the July-September quarter of this year, largely because of a “flagging economy” that has led to the decline, says a Mergermarket report...
M&A strategy: Things to keep in mind
A second panel saw panellists throw light on how they are developing a rigorous M&A (mergers and acquisitions) strategy while also touching upon finer details like how different a beast digital M&A is compared...
No need for shareholder nod if NCLT clears resolution plan
In a letter to stakeholders, the Ministry of Corporate Affairs has said for the resolution plan to be approved, shareholders’ approval need not be sought separately. The ministry’s letter is in response to stakeholders...
