CORPORATE RESTRUCTURING-SCENARIO OF INDIA

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Author Name :- Tarun Jain,,

Journal type:- NJRIP-National Journal of Research and Innovative Practices

Research Field Area :-  Commerce and Management ; Volume 8, Issue 7, No. of Pages: 3 

Your Research Paper Id :- 2023020505

Download Published File :-  Click here

Abstraction :-

The Indian enterprise is currently restructuring itself broadly on these lines. There are open offers, buybacks, sale of plants or brands, change in equity, mergers, reverse mergers, etc. However, the firm-level positive results from M&A deals are yet to be strongly recognized. A recent KPMG study found that only 30 per cent of cases of M&As in India created shareholders’ value. In 39 per cent of such deals, there was no discernible difference, while in 31 per cent of cases, the shareholder value was diluted. The finding, though shocking to most, stems from imperfections, which exist in most economies and more distinctly in India.

Keywords :- 

CORPORATE RESTRUCTURING, DEMERGER, equity

References :-

1. Adolph, G., Buchanan, I., Hornery, J., Jackson, B., Jones, J. and Kihlstedt, T. (2001), “Merger Integration: Delivering on the Promise”, ICFAI Reader, December, Pp 83-106.

2. Agarwal, A. and Jaffe, J. F. (2000), “The Post-merger Performance Puzzle”, Advances in Mergers and Acquisitions , Vol.2, Pp 7-41.

3. Agrawal, A., Jeffrey, F. J. and Mandelker, G. N. (1992), “The Post-merger Performance of Acquiring Firms: A Re-examination of an Anomaly”, Journal of Finance, Vol. 47, September, Pp 1605-1621.

4. Alexander, G. J., Benson, P. G. and Kampmeyer, J. M. (1984), “Investigating the Valuation Effects of Announcements of Voluntary Corporate Divestitures”, Journal of Finance, Vol. 39, June, Pp 503-517.

5. Burt, S. and Limmack, R. (2003), “The Operating Performance of Companies Involved in Acquisitions in the U.K. Retailing Sector 1997-1992”, Advances in Mergers and Acquisitions, Vol. 6, Pp 147-176

 

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