Corporate Mergers and Takeovers in India

Authors

  • Dr. Ashish Agarwal Director, Kishan Institute of Business Management, Meerut (U.P.)

DOI:

https://doi.org/10.26703/jct.v5i1.372

Keywords:

Corporate Mergers, Takeovers, India, Indian Companies Act

Abstract

In India, the process of Economic Reforms in the shape of economic Liberalisation, Globalisation and Privatisation has created it’s own momentum now. Due to these economic reforms, the business environment in India has become more competitive and challenging. In India we find that the Mergers/Takeovers have passed through different phases/stages. Mergers between the same group companies have been in place for a long time but Mergers/Takeovers with companies out side the group is of recent origin. In the emerging scenario the following Types of Business Combinations are becoming very popular in India and abroad - Joint Ventures, Collaborations, Strategic Alliances, Amalgamations, Acquisitions, Mergers and Takeovers. This research study was conducted with the objectives - to understand the Historical developments in the area of Corporate Restructuring, Business Restructuring, and Financial Restructuring, in India and Abroad, to analyse some of the famous Mergers and Takeovers in India of the recent past and to analyse their pre-merger and post-merger performance.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...

References

A. K. Majumdar and G. K. Kapoor, Company Law and Practice, Taxmann Publications, New Delhi.

Brealey Myers, Principles of Corporate Finance, 2003, Tata McGraw-Hill Publishing Company, New Delhi.

D. J. Ravenscraft, Mergers, Sell-offs and Economic Efficiency , The Brooking Institute, Washington DC, USA.

G. B. Hume, The Takeover Boom : An International & Historic Perspective,The David Hume Institute, Edinburgh, UK.

H. Bowers Winter, Choice of Investment Banker and Shareholders’ Wealth, Financial Management Association International, USA.

H. R. Machiraju (Dr), Mergers, Acquisitions and Takeovers, New Age International Publishers, New Delhi.

I. M. Pandey, Financial Management, Vikas Publishing House Private Limited, New Delhi.

J .A. Kay and J. A. Fairburn, Merger and Merger Policy, Oxford University Press, Oxford, UK.

J. A. Kay, Foundations of Corporate Success, Oxford University Press, Oxford, UK.

J. C. Verma (Dr), Corporate Mergers, Amalgamation and Takeovers, Bharat Publishing House, New Delhi.

J. Fairburn, Evolution of Merger Policy in Britain, Oxford University Press, Oxford, UK.

J. Franks and C. Mayer, Post-Merger Management Change and Restructuring, London Business School, UK.

J. Franks, Means of Payment in Takeovers : Results for UK & USA, University of Chicago Press, USA.

J. S. Lee Hunt, Acquisitions : The Human Factor, London Business School, UK.

L. M. Bhole, Financial Markets & Institutions, Tata McGraw-Hill Publishing Company, New Delhi.

M. C. Shukla, T. S. Grewal, S. C. Gupta, Advanced Accounts, S. Chand & Company, New Delhi.

M. Rock, Mergers and Acquisitions Handbook, McGraw Hill Limited, London, UK.

M. Y. Khan and P. K. Jain, Theory and Problems in Financial Management, Tata McGraw Hill Publishing Company, New Delhi.

M. Y. Khan, Financial Services, Tata McGraw-Hill Publishing Company Limited, New Delhi.

Mergers and Acquisitions : The Human Factor. S. Cartwright and C. L. Cooper, Butterworth-Heinemann, Oxford, UK.

P. F. C. Begg, Corporate Acquisitions and Mergers, Graham and Trotman, London, UK.

Prasanna Chandra, Financial Management Theory And Practice, Tata McGraw-Hill Publishing Company, New Delhi.

P. S. Sudarsanam –The Essence of Mergers and Acquisitions, Prentice Hall, London, UK.

R. Ruback, An Overview of Takeover Defense Economy in a Merger, Chicago University Press, UK.

S. C. Linn and M. S. Rozeff, The Corporate Sell-Off , Midland Corporate Finance Journal, Birmingham, West Midlands.

S. Zahra and G. Elhagrasey, Strategic Management of International Joint Ventures, European Management Journal, UK.

T. Jenkinson & C. Mayer, Takeover Defense Strategies, Economic Research Associates, Oxford., UK.

The Choice of Accounting Methods in UK Mergers and Acquisitions. The Institute of Chartered Accountants of England.

V. K. Bhalla, International Financial Management Text and Cases, Anmol Publication, New Delhi.

A. Agrawal and J. F. Jaffe, Post - Merger Performance of Acquiring Firm, Journal of Finance., The American Association of Finance, USA.

A. Peacock and G. Bannock, Corporate Takeovers, David Hume Institute, Edinburg, Scotland, UK.

A. Rappaport , Creating Shareholders Value, Free Press, New York, USA.

Securities and Exchange Board of India and Corporate Laws, Weekly Journal, Taxmann, New Delhi.

Chartered Accountants Practice Journal (Monthly), Mashbra Publications, New Delhi.

Taxation-The Fortnightly Magazine on High Court Cases, Taxation, New Delhi.

The Chartered Accountant, The Journal of Institute of Chartered Accountants of India.

The Company Secretary, The Journal of Institute of Company Secretaries of India.

The Management Accountant, The Journal of Institute of Cost and works Accountants of India.

The Chartered Financial Analysts, The Journal of Institute of Chartered Financial Analysts of India.

Additional Files

Published

01-05-2010

How to Cite

Agarwal, A. (2010). Corporate Mergers and Takeovers in India. Journal of Commerce and Trade, 5(1), 31–44. https://doi.org/10.26703/jct.v5i1.372

Issue

Section

Research Paper