India Inc M&As defy market volatility in 2008
Date: December 22, 2008
MUMBAI: One would think the subprime credit crisis, fluctuating commodity and equity prices and the closure of a myriad large investment banks and Investment Tips India Inc on crossroads other financial institutions could have dealt a body blow to M&A and private investment activity in the country.
Not quite so.
Despite recent events, India has seen some of the largest deals in sectors that were till recently not very popular among Indian deal makersmicro finance, oil and gas and automotive sectors.
There have been some landmark deals announced during 2008 (January to December 15, 2008) which displays India Inc’s resilience during turbulent times. The year also witnessed several billion dollar deals, eclipsing 2007’s seven deals by two additional deals, according to a new report.
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Source: Economic Times
