Indian economy is pulling out of Covid-19 impact. The stock markets have registered strong gains of over 10% in November due to hopes of quick vaccine, economic revival and abundant liquidity. IPOs of Equitas Small Finance Bank and Gland Pharma Limited came in November and were successful.
There is short case study of Lakshmi Vilas Bank’s (LVB) merger with DBS Bank. LVB faced increasing NPAs after its focus changed from retail lending to corporate lending. The bank was merged by RBI to protect depositor interest after LVB’s fund raising and M&A efforts failed. Other key deals include Manipal Hospital acquiring Indian assets of Columbia Asia Hospitals, Biocon Biologics raising funds from Goldman Sachs and Reliance Retail raising funds replicating blitz of Jio platform.