India is in the middle of an M&A boom. An increasingly open economy, a slowdown in manufacturing, a new company takeover law and the maturing of Indian capital markets where minority, mostly foreign institutional shareholders now have clout, have combined to make deals happen. A new breed of young, dynamic and self-confident Indian companies, mostly in the services sector, has emerged to change the face of corporate India.
The stock market capitalization of new companies in information technology, software services, media and telecom businesses has now far surpassed the old, family-owned manufacturing conglomerates.
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