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This study analyses the impact of mergers and acquisitions on performance of Indian pharmaceutical firms following the implementation of TRIPS in 1995. In order to identify adequately the effect of mergers, we investigate the impact on firm performance of the merged vis-a-vis the non-merged...
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plough back of profit and the payout while maximising the market value of shares. So the dividend policy should be as … the market price of share. The present paper is a modest attempt to logically and empirically thrash out the dividend … practices of Pharma and Paper industries in India with reference to the selected companies …
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