Gujarat to witness M&A deals worth $50mn in 2013-14

18 Apr

Image

According to industry estimate, at least $50 million worth of investment in Gujarat is likely to be made or announced during 2013-14.

In the infrastructure space, already deals are in pipeline for a 25 per cent stake for LNG terminal project at Mundra. The total project cost is estimated to be around Rs 5000 crore. Also, the World Bank Group’s International Finance Corporation (IFC) has been investing in companies in Gujarat and is expected to increase its focus in renewable energy projects in the state.

However, raising a concern, Vadodara-based investment banker and M&A advisor, Sanjeev Shah maintained that upcoming Lok Sabha elections and political development will bear the key to success of M&A acquisitions in the country during the year.

“In Gujarat, water solutions sector is also one of the promising sectors where investments through M&A will be seen during coming months.” Said Ashesh Shah, managing director, Trans-Continental Capital Advisors – a Mumbai-based financial advisory firm.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: