Merger and acquisition activity in India perked up in 2016 thanks to a few multi-billion-dollar deals that companies struck either to slash debt or consolidate their market share. The largest deals that were announced were Essar Oil Ltd’s acquisition by Rosneft, and the merger of the insurance business of HDFC and Max and that of the telecom business of Reliance Communications and Aircel.
But not all these deals have sailed through. The HDFC-Max deal, for instance, has fallen through. So, what does this mean for deal-making in 2017? A panel of senior industry executives discussed the M&A scenario in India at the News Corp VCCircle Mergers & Acquisitions Summit 2017 in Mumbai last month. Watch the video to know more.
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