The increasing use of capital markets by India inc is in part due to the growing trend of offshore MA from India and re-emergence of capex for catering to the growing local demand. India is home to some world-class companies and they are increasingly looking offshore to diversify their portfolios. So far this year, Indian companies have announced 47 overseas acquisitions, worth about $2.2 billion.
This compares to the record $3.7 billion or so for foreign acquisitions in 2005 and thus far 2006 is shaping up to be another record year for offshore MA from India. Many...
