Slowdown takes its toll on M&As
India Inc saw quite a number of acquisitions in the last few years, but as the investor sentiment has turned negative in the world economy, the Indian companies can be seeing walking away from large global deals. The change in the trend is evident from the fact that Sterlite Industries is reviewing its planned $2.6 billion bid for Asarco. Infosys, too, walked away from its $800 million Axon deal recently.
