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Business

Got Top Dollar

Indian promoters are cashing in, growing past the family

Got Top Dollar
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  • Ranbaxy's sell-off to Daiichi and RCOM's talks with MTN signal a change in promoter perceptions on ownership
  • Indian SMEs in new-age sectors target for global firms looking to acquire in the BRIC region
  • Foreign companies spent nearly $31bn to buy into Indian firms in 2007; $6bn spent this year up to May 2008
  • Not all promoters are convinced, say owners' mindsets will not change and it will hurt India's competitive edge

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