Got Top Dollar
Indian promoters are cashing in, growing past the family
Updated on:
- Ranbaxy's sell-off to Daiichi and RCOM's talks with MTN signal a change in promoter perceptions on ownership
- Indian SMEs in new-age sectors target for global firms looking to acquire in the BRIC region
- Foreign companies spent nearly $31bn to buy into Indian firms in 2007; $6bn spent this year up to May 2008
- Not all promoters are convinced, say owners' mindsets will not change and it will hurt India's competitive edge