Insta
Macroeconomic Reforms Deliver: IBC Drives Mergers And Acquisitions Worth $14.3 Billion In Past Two Years
Finance Ministry. (Ajay Aggarwal/Hindustan Times via Getty Images)
Mergers and Acquisition (M&A) activity in the country has increased exponentially and deals worth $14.3 billion have been completed in the past two years, Mint has reported. Insolvency and Bankruptcy of India (IBC) has been credited for this flurry in mergers and acquisitions.
According to the Spotlight Asia report published by corporate investigations and risk consulting firm Kroll, out of the $14.3 billion, deals worth more than $10 billion have been completed in 2018 alone.
In addition to around 900 companies that are in various stages of resolution at the National Company Law Tribunal (NCLT), 600-1000 more companies are expected to join the pipeline. This will create a large cohort for future M&A deals.
Reuters has also reported that overall M&A deals worth $99.7 billion involving Indian companies were completed in 2018, surpassing the annual record of $67.4 billion set in 2007.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
