Tuesday, March 4, 2008

'The year 2007 will go down as the year of big-ticket mergers and acquisitions for India'

Budget 2008: Lagging behind M&A appetite

While there are many misses in the Budget 2008, from an M&A (merger and acquisition) perspective, there is one area where a lot of thrust can get diverted, say Mr Amrish Shah and Ms Falguni Shah, Executive Director and Senior Manager respectively, in PricewaterhouseCoopers.

Yes, the focus is now on R&D (research and development) companies. For, the Budget says that any sum paid to an approved R&D company for scientific research would be eligible for 1.25 times weighted deduction.

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