This paper investigates the short-term stock market reaction to the announcement of outward foreign direct investment related Mergers and Acquisitions (M&As) by Indian companies. A new trend in India evident since 2005 is the increasing number of Indian corporates becoming global players,...

The purpose of this paper is to illustrate the emergence of giant global organisations in India and how the forces of globalisation have changed the merger and acquisitions activities of Indian companies. We examine the changes in government policy, their impacts on FDI, and the most significant...