The corporate sector in India is undergoing structural changes as a result of liberalization, privatization, and the openness policies of the government since the early 1990s. Competitive pressures are high, not only due to deregulation, but also due to globalization. Along with the rise in the number of merger and acquisition deals, the amount involved in such deals has risen over time. There is also anincrease in the number of open offers, albeit at a lower pace.
Cross-border mergers and acquisitions are becoming popular as transnational corporations take advantage of widespread liberalization and deregulation in an effort to gain market shares, consolidate operations, improve efficiency, and dilute the costs associated with investing in research and development and information technology. |
