Banking, overseas buys to boost India M&A action

Newswire

By Giri Venkatesan and Denny Thomas BOMBAY, March 30 (Reuters) - India's bankers are expecting mergers and acquisitions to rebound this year, driven by foreign interest in banks and moves by India's blue-chip companies to expand abroad. "There is a logical extension for auto, auto ancillary and pharma companies to look for a global presence as some of the bigger players have established strong footing in local markets," said Ashok Mittal, co-head, investment banking at HSBC Securities ...

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