A merger is popularly understood to be a fusion of two companies. Acquisition denotes a company so that the acquirer can have management control over the other firm. The horizontal, (b) vertical, (c) market extension (d) Conglomerate and (e) Consolodation. The lieralisation process underway in India has significantly contributed to the increase in the merger and acquisition activities in the corporate sector. Following the Government policy of delicensing, dereservation, relaxations under MRTP, liberal FDI inflows and hassle free import of technology, the mergers and acquisitions are being adopted extensively by the India corporates, making for a structural transformation of the industrial sector in the post-liberalisation period. This book examines the current issues and trends associated with mergers and acquisitions of business enterprises in India. For this purpose, it also draws upon the experience of selected developed countries in this regard. As no comprehensive work is available to take a micro view of mergers and acquisitions in the post-1991 period, this book is designed to fill the vacuum in this area for the benefit of students of economics, commerce and management. It will also prove useful for economic policymakers, corporate planners and all others in the field of industry and trade.
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