Technology & telecom remain areas of interest in terms of M&A, says Girish Nadkarni

In an interview to CNBC-TV18, Girish Nadkarni, MD-Investment Banking of Motilal Oswal Financial Services spoke about the 13th Annual Motilal Oswal Global Investor Conference, shared his views on the specific sectors, initial public offerings (IPOs) and mergers and acquisitions (M&As).

Nadkarni said current year will show a growth of 20 percent in terms of funds raised; already raised about 30-40 percent in the first four months, of the Rs 50,000 crore target in IPOs, he added.

We have seen banks, non banking financial companies (NBFCs) raise money and now there are insurance companies and asset management companies (AMCs) that will list, he said.

On M&A front, he said there is interest and there are transactions that one can see in distressed sector and with the National Company Law Tribunal (NCLT) and other mechanisms in place, a lot of companies will be taken over. Technology and telecom are areas of interest in terms of M&A, he added.

He further added that infrastructure companies because of distressed asset scenario, remains an area of interest.