Mergers News

KKR’s acquisition of the 6% stake in Avendus Capital, valuing the firm at ₹11,500 crore, facilitates a potential sale of the financial services company, which the PE giant previously invested in significantly since 2015.

At a round table on Tuesday, senior executives at JP Morgan also highlighted investors' growing appetite to do bigger deals in India with the goal of picking up controlling stakes in assets.

Warner has until Dec. 22 to decide the fate of its existing $72 billion deal.

The studio’s latest M&A deal is different than the ill-fated AOL-Time Warner merger, but it’s not without precedent.

​A more lax approach to merger enforcement has led to fewer challenge​s, with companies more willing to pursue deals that combine direct competitors.

RBI’s draft framework for bank-led acquisition finance is pragmatic, well-calibrated and leaves plenty of space for private credit to fund buyouts. In all, Indian acquisition finance is set to become deeper, more diversified and cheaper for the most credit-worthy.

India’s push to create banking giants mirrors its ambition to rise in the global economic rankings. But bigger isn’t necessarily better. Mergers must be guided by sound commercial logic, not policy diktats.

Indian banks have long had the wherewithal to fund big-ticket acquisitions. RBI’s regulatory easing of the way should lend corporate India dynamism at a moment that’s apt for a wave of mergers and even help reduce our foreign debt.

Likely changes include a key proposal to speed up certain mergers, facilitate electronic document serving and e-adjudication of offences, and enable administrative restoration of companies struck off from the register without involvement of tribunals