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
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