Both airlines are looking at synergies with respect to customer touch points, such as having a common website, social media handles and call centre.
It further said: "BAIN will continue to hold the shareholding in African operating companies and the company's investments in its wholly-owned subsidiaries Bharti Airtel (USA) Ltd, Bharti Airtel (Hong Kong) Ltd and Bharti Airtel (UK) Ltd will be help entirely by BISPL, another wholly-owned subsidiary of the company".
While many cost synergies may arise out of the merger, being a public sector bank, it cannot fire redundant employees, notes Parag Jariwala of Religare Capital, adding, pension-related costs will also inch up.
A merger of ACC with Ambuja Cements would have caused a 78 percent dilution in Ambuja‘s equity base, without adding much to the combined entity‘s earnings per share.
Amtek has paid about Rs 110 crore for 51.27 percent in JMT Auto. There will be an open offer for 26 percent, following the government guidelines.
Market experts SP Tulsian of sptulsian.com, Umesh Karne of Brics Securities, Mitul Shah of Karvy Stock Broking and Amit Kasat of StanChart concur, on CNBC-TV18, that the deal will mutually benefit both companies in terms of synergies and geographical reach.