In a world of continuous redefinition of industry boundaries and commingling of technologies, businesses have to strive for `opportunity share' in future markets. To catch up with such demands, mergers and acquisitions have become universal tools to attain greater market share; acquire additional brands; cannibalize competing brands; realize improved infrastructure; create new synergies; capitalize on efficiencies and economies of scale; globalize in shorter span of time, etc.

There is however a flip side to these acquisitions: the interests of minority shareholders in the target company are often lost sight of, besides the very pricing of the target company's shares being questioned now and then. Against this backdrop, the Takeover Regulations Advisory Committee that has been constituted under the Chairmanship of C Achuthan to overhaul India's takeover rules, must be complimented for treating an acquisition as a `commercial call' and accordingly recommending a complete rewrite of existing regulations, which if implemented would have a far-reaching impact on India Inc.

The Analyst Magazine, Mergers & Acquisitions, Institutional Investments, Corporate Governance, Indian Companies, Financial Hardship, Domestic Companies, Indian Entities, Indian Corporates, Secondary Market, Minority Shareholders.