India cross-border M&A deals down

May 18, 2008 India cross-border acquisitions are in decline - and by no small margin either. The latest stats show a 39% drop so far this year on the corresponding period last year.

The news comes only a month after the largest cross-border Indian acquisition so far this year - the US$2.3bn acquisition of Land Rover and Jaguar by Mumbai-based multinational Tata Motors, which was a boon to local and international firms alike, including Allen & Overy, who advised on the international aspects of the deal.

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