Mergers in India: Impact of Mergers on the Wealth of Acquirer and Target Companies in India

This book analyzes the impact of mergers on the wealth of Acquirer and Target Companies in India. The mergers and acquisitions in India have changed dramatically after the liberalization of the Indian Economy. The liberalization policy of Government of India has triggered an unprecedented number of mergers and acquisitions in the country. The basic motive for merger is an attempt to create value. Most mergers are controlled by multiple motives rather than a single one. An attempt has been made in this book to study the wealth of both acquirer and target companies in the pre- and post-merger period. The book concludes that the analysis of this study supports the findings of existing research that the acquirer companies always benefited more than the target companies in the merger event.