By acquiring developed market firms, emerging market companies can gain ready access to strategic resources such as technologies, management processes, distribution networks, and global markets.
A report from VCCircle’s VCCEdge platform reveals a steep decline in deals activity which indicates caution on the part of investors.
By forming alliances with Indian firms, foreign companies can get access to a strong distribution network and local resources to customise offerings suitable for the Indian market.
Based on the open offer subscription, the purchase price consideration will vary between $310 million - $462 million.
According to a source, the payment process for the transaction, worth ₹180 crore to ₹200 crore, has been initiated.
The fall in the deal activity is attributed to the recent uncertainty around trade and Brexit, exchange rate volatility and rising crude oil prices.
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Between 2015 to 2017, more than three-quarters of deal value was driven by deals over $100 million.
As a part of the agreement, Zydus Cadila has acquired Complan, Glucon-D, Nycil and Sampriti brands.
The average M&A deal size for transactions with disclosed values increased to $126.2 million during the first nine months of 2018.
