Summary |
In India, while the provisions of companies act, 1956, govern mergers and amalgamations of domestic companies, acquisition of companies comes under the provisions of takeover code of securities and exchange board of India (SEBI). In the case of foreign companies, while share acquisitions/takeovers require the approval of foreign investment promotion board (FIPB), mergers/amalgamations require the approval of both the FIPB and the reserve bank of India (RBI).
The present work deals with procedures and processes involved in financial restructuring of companies through mergers and acquisitions. More importantly, it contains 10 case studies of restructuring through mergers and acquisitions that have taken place in India during the last decade. The work, based on extensive statistical exercises, brings out the major issues that actually crop up in a restructuring exercise. The book, it is hoped, will enhance the understanding of the subject which has assumed added significance in the wake of liberalization and openness wave sweeping across the world.
|
