Tuesday, March 6, 2012

MERGERS & ACQUISITIONS - THE WAY FORWARD

Dun & Bradstreet, the world’s leading provider of business information, knowledge and insight and Association of Finance Professionals of India (AFPI) in association with ANT Trust & Corporate Services and STP Tax lawyers organized a seminar on ‘Mergers & Acquisitions – the way forward’ under the ‘CFO Series 2012’ in Mumbai today.


Mr. Anil Singhvi
Chairman Ican Investment Advisors Pvt.Ltd
“India is a huge market for M&A activities since the corporate world is too fragmented and comprises of lots of smaller players needing consolidation for meeting the challenges of future” said Mr. Anil Singhvi, Chairman Ican Investment Advisors Pvt. Ltd at Dun & Bradstreet’s CFO Series 2012







Mumbai, 5th March 2012: As a part of its on-going efforts to enhance the knowledge level in the market, Dun & Bradstreet, the world’s leading provider of business information, knowledge and insight and Association of Finance Professionals of India (AFPI) in association with ANT Trust & Corporate Services and STP Tax lawyers organized a seminar on ‘Mergers & Acquisitions – the way forward’ under the ‘CFO Series 2012’ in Mumbai today.

‘The CFO Series’, a multi-city conference focused on key aspects of Mergers & Acquisitions like the legal challenges in M&A , international taxation, cross border deals, international structures – the use of holding; finance and hybrid entities; tax, legal and financial aspects.

Expressing his views, Mr. Anil Singhvi, Chairman -  Ican Investment Advisors Pvt.Ltd said “India is a huge market for M&A activities since the corporate world is too fragmented and comprising of lots of smaller players needing consolidation for meeting the challenges of future”.

Speaking at the event, Mr. Itzik Amiel, Attorney-at-law (LLB, LLM, TEP), Director-International Business Development, ANT Group said, “Indian M&A deals grab headlines but M&A is meaningful only when it serves some Strategic Purpose. Once you know the different ways in which these deals are structured and executed, you'll have a better idea of whether you should cheer or weep when a company you own buys another company - or is bought by one. You will also be aware of the tax consequences for companies and for investors. The day a transaction is done, success depends on what you do after that, not on your pre-merger analysis and projections. The leaders of two organizations forming a Joint Venture have to connect well with each other at the top level and they have to like each other for the JV to be successful.”


(From left to Right) Mr.S Durgashankar, Executive Vice President-Mergers & Acquisitions’ Mahindra & Mahindra Ltd, Mr. Anil Singhvi, Chairman Ican Investment Advisors Pvt.Ltd,
Mr.Alok Agarwal, Chairman- Governing Council,AFPI,
Mr. Gaurav Khungar, MD and Head - Corporate Finance India, Religare Capital Markets Ltd.


Discussing the opportunities India has to offer pertaining to M&A, Mr. Gaurav Khungar, MD and Head - Corporate Finance India, Religare Capital Markets Ltd. said, “The India growth story in 2011 was impacted due to high inflation, high interest rates and the global economic turmoil. Policy paralysis, lack of reforms and scandals has further dented investor confidence. However, the India macroeconomic consumption story continues to remain intact. With 2012 starting on a promising note in terms of capital markets recovery, additional moves towards easing liquidity backed by steady slew of anticipated reforms will reaffirm India's position as a high growth and high priority investment destination for corporates as well as private equity investors in 2012”.

He further added, “It is interesting to note that while overall cross border M&A activity in 2011 came down by 43% from US$47bn in 2010 to US$27bn in 2011; interest from global companies acquiring domestic businesses continued to remain robust falling only by 11% from US$18bn in 2010 to US$16bn in 2011. This reflects the positive view which global investors and companies continue to hold on the India growth story”.

Also present at the seminar were Mr. Eddy Sajet, Partner, STP Tax Lawyers and Mr.S Durgashankar, Executive Vice President-Mergers & Acquisitions’ Mahindra & Mahindra Ltd , Mr.Alok Agarwal, Chairman- Governing Council,AFPI and Chief Financial Officer Reliance Industries Ltd” amongst others.

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