linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth

Get access to free reads

Start Your Trial Start Your membership

Get 15-day free trial to all of ET Prime

Start Your Trial Start Your membership
Not a member
Already a member?
Not a member

Your membership

RENEW
ET Prime

Once-in-a-century Covid crisis is unleashing a new wave of mergers and acquisitions

While deals are fewer at an aggregate level since the beginning of the pandemic, deal activity is in sharp contrast with the contraction in economic activity and sentiment in the Main Street. But a flux like this also unlocks opportunities, value corrections and fire sales.
Increase Font
Decrease Font
Cancel
19 Sep 2020 8 Mins Read 0 comment
Regionally, India’s share in M&A deals in the Asia Pacific region has been rising over the last few years. Over the last 12 months, it’s share was 26.3% — the highest in five years. Getty Images
Regionally, India’s share in M&A deals in the Asia Pacific region has been rising over the last few years. Over the last 12 months, it’s share was 26.3% — the highest in five years.
In one corner, the inevitable fire sale has begun. Kishore Biyani sold the highly leveraged businesses of Future Group to Reliance Retail. GVK Group, deep in debt, ceded control of its crown jewel, the Mumbai airport, to Adani Group. While a few large debt-ravaged corporate houses are throwing in the towel or struggling to stay afloat, a few strong
principal & practice head (private equity) at Zinnov, expects the M&A pace to gain steam over the next 12 months. Looking ahead, while some segments will find it tough to raise capital due to macroeconomic factors, opportunistic exits will be more common. Gupta expects both acquisitions and acqui-hiring to rise eve as start-ups flex muscles to garner top-notch talent.
In one corner, the inevitable fire sale has begun. Kishore Biyani sold the highly leveraged businesses of Future Group to Reliance Retail. GVK Group, deep in debt, ceded control of its crown jewel, the Mumbai airport, to Adani Group. While a few large debt-ravaged corporate houses are throwing in the towel or struggling to stay afloat, a few strong principal & practice head (private equity) at Zinnov, expects the M&A pace to gain steam over the next 12 months. Looking ahead, while some segments will find it tough to raise capital due to macroeconomic factors, opportunistic exits will be more common. Gupta expects both acquisitions and acqui-hiring to rise eve as start-ups flex muscles to garner top-notch talent.

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

Current Edition

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare
Space

Message from Planet Labs’ eye in the sky: India is a medieval knight in the age of modern warfare

Satellite pictures of the Galwan valley region shared by US-based Planet Labs exposed China backtracking on the agreement with India to disengage. While the images did help India foster its case in shaping global opinion, it also exposes the country’s unpreparedness in advanced technologies. The episode underlines the urgent need to nurture companies in satellite imaging and space technology.

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]