This book analyzes the impact of mergers on the wealth of Acquirer and Target Companies in India. The mergers and acquisitions in India have changed dramatically after the liberalization of the Indian Economy. The liberalization policy of Government of India has triggered an unprecedented number of mergers and acquisitions in the country. The basic motive for merger is an attempt to create value. Most mergers are controlled by multiple motives rather than a single one. An attempt has been made in this book to study the wealth of both acquirer and target companies in the pre- and post-merger...

This book tests the market efficiency of Indian Stock Market with respect to information content of events in the Banking Industry. The efficiency in the context of capital markets, refer to the incorporation of expectations and information of all market participants into the prices of financial assets. To analyze the event which contains information, one should have adequate knowledge about corporate events. It may be possible for the institutional investors to take favourable decisions because they have the advantage of Research & Development Wing. But it is very difficult for Indian small...