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The new joint venture will combine Dhruva's tax structuring expertise and Sanghai's experience in executing complex mergers and acquisitions, it said.
Over the last few years the Indian economy was caged and now with the new government coming in and their significant optimism hopefully the tiger is starting to roar and will start the lean and mean, the tiger will start shooting as well.
The country has seen a number of multinationals (MNCs) hiking their stake in their Indian arms egged on by the depreciating rupee and the much stronger growth rate in emerging markets compared to developed peers.
Sunil Sanghai, MD and Head-Global Banking, HSBC India sees a lot of inbound M&A activity. “I think we have seen lot of interest by foreign companies looking at the Indian situation,” Sanghai adds. While there is a huge amount of interest, the volume would be still restricted due to regulatory impediments, he says.
