India eased investment rules for minority Chinese stakes in March after six years of curbs. (Image Source: Pixabay)
\n\nIndia's mergers and acquisitions (M&A) market continues to demonstrate resilience despite a weakening rupee and a downturn in equities, with companies prioritising strategic growth over financial engineering, according to Rahul Saraf, Citi's head of investment banking for India. Although the total value of M&A transactions has declined significantly this year, the number of deals has remained broadly stable. This suggests that businesses continue to pursue acquisitions and partnerships, even as market conditions become more challenging.
\n\nData compiled by LSEG showed that India's M&A deal value fell more than 19 per cent to $95.5 billion year-to-date, compared with $118.5 billion during the corresponding period last year.
\n\nIndia M&A Deals: Why Companies Are Prioritising Strategy
\n\nSaraf said businesses are increasingly focused on transactions that strengthen their competitive position rather than deals designed primarily to generate additional financial returns.
\n\n"I'm not seeing anybody trying to be cute on financial engineering or investments such that they can extract a ??little bit more – (it is) much more strategic play," Saraf told the Reuters Global Markets Forum.
\n\nHe also highlighted growing openness among business owners towards consolidation…
Original source: https://www.timesnownews.com/business-economy
