Two mergers cast a light on governance, and its chinks
Business

Two mergers cast a light on governance, and its chinks

By Dan Neff

Volatility and price action in stocks ahead of a corporate action are fairly common, given the challenge of having all the parties involved to maintain high governance and confidentiality standards.

Synopsis

Corporate India witnessed two large merger announcements in the past two weeks: of PVR-Inox and HDFC-HDFC Bank. In the first instance, two listed entertainment companies, PVR and Inox, announced their merger to form India’s largest multiplex chain. In the second, HDFC and HDFC Bank said they would merge in a deal that would create the world’s sixth most valuable lender.

ET Intelligence Group: Corporate India witnessed two large merger announcements in the past two weeks: of PVR-Inox and HDFC-HDFC Bank. In the first instance, two listed entertainment companies, PVR and Inox, announced their merger to form India’s largest multiplex chain. In the second, HDFC and HDFC Bank said they would merge in a deal that would create the world’s sixth most valuable lender.

While the latter announcement took the Street by

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff