Capital Market quarterly update of Q4 FY21 published in the ACAE Kolkata (Association of Corporate Advisors & Executives) Journal in April 2021.
The new year 2021 has begun on a strong positive note with vaccination drives in major economies as well as in India. The economic survey and union budget were presented in February were well received by the market.
There is a 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 M&A and PE key deals include TOTAL acquiring stake in Adani Green Energy, Wipro acquiring Capco and TA Associates acquiring significant stake in OmniActive Health Technologies.