The biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come.
Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year, according to data compiled by Bloomberg.
The tally may surpass $100 billion again in 2019, said Sanjeev Krishan, a Gurgaon-based partner at PwC India who focuses on private equity and deals.
The combination of a new bankruptcy law, a race for dominance in the e-commerce industry and a record war chest at Asia-focused private equity funds has created what some are calling an unprecedented opportunity for dealmaking in the world’s fastest-growing major economy.
The burst of activity is not only good news for investment bankers, it’s also helping to rid the Indian financial system of bad debt and modernize a retail sector that serves 1.3 billion people. Read More
Latest posts by The Economic Times (see all)
- Resurgent Power acquires 75% Jaypee’s Prayagraj Power; first stressed asset to be resolved - November 14, 2018
- BBMP plans to convert waste to energy on a trial basis - November 14, 2018
- Renewables should learn from thermal power plant woes: Sumant Sinha of ReNew Power - November 14, 2018