‘Spending the 31st night at home for the first time since the last 10 years’ – This was the latest Facebook update of one of my friends who works with a mid-sized investment banking boutique firm in Mumbai. The poor guy had just been retrenched by his employer citing weak business. If you
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For quite some time now financial experts have been predicting that the M&A scenario in India will significantly improve. Investment bankers have already run the ‘India growth’ story ragged and investment banks are again on a hiring spree expecting an increase in the deal flow. But factual data suggests otherwise! According to the ISI emerging With the recovery in stock markets and overall economy, calendar year 2010 saw investment bankers smiling all the way to the bank as Indian M&A activity increased by nearly 80% over the last year and by more than 100% over calendar year 2008. As per ISI emerging markets database, 392 deals were announced Corporate India is back on the prowl. Post recession, many European and North American companies are looking at dispensing their non-performing, non-core assets and Indian companies are lapping them up. The Indian mergers and acquisition scenario started with a bang in 2010 with domestic companies announcing M&A deals valued at an |
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