When Shree Renuka Sugars struck its second deal recently in Brazil, in just a matter of months, by acquiring a majority stake in Brazilian firm Equipav for Rs 1,151 crore to gain leadership in the emerging world economy, it was perhaps a reflection of the aspirations of Indian agriculture and food firms who now seek a global stage. A few years ago, floriculture firm Karuturi Global acquired vast tracts of land in Ethiopia, taking advantage of the local policies, to become a global flower exporter.
What is it that is attracting Indian agri and food firms to strike cross-border deals? Is it search of capacity or the lure of the market opportunity? At the inaugural panel titled Global Ambitions in Indian Agriculture: M&A, Consolidation & Financial Structuring at the VCCircle ICICI Bank Investment Summit 2010: Agri, Food & Emerging Sectors, Shree Renuka Sugars managing director Narendra Murkumbi and Karuturi Global MD Ramakrishna Karuturi will talk about how their global forays transformed their businesses. Representing some of India’s most watched food companies, Dinesh Shahra, MD, Ruchi Soya Industries and Vijay Kumar Arora, Chairman, LT Foods will share their perspectives on the consolidation and global M&A play in this space.
When inorganic growth is on the active agenda of companies, the questions that come to mind are: When should you go for an M&A? What are the synergies to look for? What are the legal challenges and financial structuring options available for such transactions? Find answers to some of these crucial questions from expert financial sector panelists.
In an intensely knowledge-driven inaugural session, VCCircle brings to you a livewire panel that will talk from their experiences and share their market intelligence in 60 minutes.
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