Diabytes
Baker & McKenzie News
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The year 2016 is set to be a record-breaking year for Indian IPO market as 50 firms have entered Dalal Street with initial share-sale offers to garner USD 2.93 billion and an impressive pipeline is already in place for the coming months.
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Majority of these deals were in the pharma sector, with six transactions totalling USD 1.5 billion, as Indian companies seek to increase their scale in the US generics market, said a report by Baker & McKenzie.
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Total value of completed merger and acquisition (M&A) deals is expected to increase by 71 percent to USD 30.3 billion during this year, driven by business friendly reforms, a report says.
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