The significant influence of hedge fund activists in the M&A regime have significantly altered the corporate governance in India. While they provide mechanism for key deals to go through, they are also able to suppress minority voices in a company which can take the form of their parochial focus on short-term profit maximization.

Acquisition of majority stake by Torrent group from CVC Capital in Gujarat Titans marks a start of an upcoming trend where franchise sports are going to become a key strategic investment area for corporate investors in India.

Recent developments in the space sector have opened numerous opportunities for mergers and acquisitions, with foreign entities like SpaceX and Blue Origin showing interest in emerging Indian boutique firms.

It is a need of an hour for India to tailor certain reforms, like easing lending restrictions for IBC-approved assets, permitting controlled use of target collateral, creating special IPO windows, and expanding high-yield debt options, would allow the Indian market to benefit from LBOs, alongside also being cautious. 

The proposed amendment to Sections 72A and 72AA of ITA reflects government’s intent to curb tax avoidance through evergreening of losses.

Author discusses contrasting decisions of the Indian Supreme Court and the French Court of Cassation on corporate criminal liability in M&A.

The amendment is a welcome step in aligning private M&A with identical checks by the NCLT through schemes, thus protecting shareholders.

[Aanchal Jain is a fifth-year student at RMLNLU Lucknow.] Mergers and acquisitions have turned into a prominent strategy for corporates...