What is driving Indian firms abroad for acquisitions?
Most Indian companies now realise values are very good at the moment and are willing to seize the opportunity. Interestingly, most of our clients abroad also want an Indian buyer. Indian companies are also looking at buying media properties. In the United Kingdom, newspaper company values have been down by over 50 per cent in the last six months. Can Indian companies raise the money? India is not immune to the global financial crisis. However, investors continue to believe in India’s economic resilience. While 2008 has seen a significant fall in volume in the FCCB market, we expect this avenue for financing to pick up in 2009. What about foreign interest in domestic companies? Our overseas clients want a piece of the action in India. Sectors where we see heightened activity include maritime and shipping, logistics, pharma, oil and gas, clean technology and media. In fact, we see a lot of activity in the media and general entertainment sector. The telecom sector -WiMax and cable – is al
