Mergers & Acquisitions and Financial Performance Analysis of Indian Corporates

This book examines the impact of mergers and acquisitions (M&A) on corporate performance in India, using a five-year pre-merger and ten-year post-merger analysis window. The study is based on key financial ratios as determinants, along with a comparison of compound annual growth rates (CAGR) for the selected sample companies.

The findings present mixed results regarding the significance of these ratios on firm performance. Post-merger effects vary across different financial parameters and industries. Growth patterns reflect both positive and negative outcomes, even within the same company across specific indicators such as liquidity.

This work would not have been possible without the guidance, support, and cooperation of numerous individuals within and beyond our university. We sincerely acknowledge their intellectual and institutional contributions. We also extend heartfelt gratitude to our families for their unwavering encouragement and inspiration. Our appreciation goes to our departmental colleagues for their continuous motivation.