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India
Inc is coming of age it appears. On one hand, it is
attracting huge equity investments from private equity
funds, and on the other, it is now acquiring global
companies like never before.
Private
equity funds have invested about $6 billion so far this
year-that is 250 per cent more than last year and Indian
companies have made global acquisitions worth $15 billion,
reports CNBC-TV18.
According
to a Grant and Thornton report, private equity fund
in flows from January to October this year have touched
$6 billion, a whopping 250 per cent increase from last
year and more than 200 private equity deals have been
struck this year.
"Major
interest have been in IT and ITeS this year, but what
we are now looking at is the infrastructure and real
estate sectors which are poised for significant growth
especially once the regulations ease up and more foreign
investments comes into the sector. We are going to see
a lot of growth in this sector," says Dhanraj Bhagat,
director, corporate advisory services, Grant Thornton.
And
with the Tata Corus deal leading the way, Indian companies
have made $15.72 billion worth of cross border M&A
deals, which accounts for over 60 per cent of the total
$24 billion worth of M&A till October this year.
There have been 380 such deals in all, of which 147
have been outbound deals.
"We
are seeing a lot of outbound deals largely because India
Inc has
come to be recognised in the international market. People
are talking to India companies to be taken over, because
India Inc has proved we have managerial capability to
go overseas, acquire units and turn them around,"
says Dhanraj.
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