
Business
Frenzied activity in the Indian M&A market: Vultures are gathering to oust defaulting promoters from their perch
The last round of M&A frenzy was in a pre-Insolvency and Bankruptcy Code 2016 (IBC) milieu, involving friendly and hostile takeovers often at the risk of inviting winner’s curse which is inevitable when the acquirer overpays in his keenness to acquire, come what may.