Impact of coup jurisprudence 2011 on M&A Scenario in India: A matter of Share Buyback as a Takeover Defense Dr. B. K. R. Naik1, Rameez rajah Shaik2 and Ritesh Jain2 1Assistant Professor, Department of Management Studies, theatre Institute of Technology Trichy, Tamil Nadu 620 015, India 2Student, Indian Institute of Management, Kozhikode, Kerala- 673570, India Abstract The untriedspaper aims at analyzing the putsch defenses espouse by Indian companies to preclude a offensive coup detat. conflicting putschs were rare in India as the M&A laws were stringent. Also, the Government and the financial institutions support the means in the coming of a contradictory coup attempt. In 2011, a major(ip) amendment was done to the Takeover Code. We take a crap analyse the impact of this new regulation on the M&A scenario in India. The amendments in the coup detat code brook make hostile takeovers easy. compendium of Promoter Shareholding pattern in 2154 listed Indian companies showed that promoters in some of the firms have increasing their back up to sentry go themselves against hostile takeovers. This was done in forecasting of the changes in the takeover code.
Keywords: Mergers & Acquisitions (M&A), Hostile Takeovers, Takeover Defenses, Share buyback, Takeover Code 2011 Introduction front to 1991, Mergers and Acquisitions (M&A) natural action in India was quite torpid (L.S. Patankar, S.R. Chavan, 2011). After the sparing liberalization, Indian economy opened up to foreign players (Rabi Narayan, Amit Soni). though India power saw an increase in M&A deals, it was by and king-sized friendly takeovers. The first hostile takeover attempt was in 1984, when Swaraj Paul tried to takeover Escorts and DCM (Shaun J. Mathew, 2007). The bid failed as the companies failed to examine Pauls shares. In most of such takeover attempts, the promoters have the soft coigne of the government and the financial institutions (Shaun J. Mathew, 2007). Moreover, the smart Direct Investment (FDI) laws in India were quite...If you want to get a full essay, order it on our website: Ordercustompaper.com
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