‘M&A in infra sector to pick up pace with new players, novel financing models’
March 07, 2021
Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co×
Infrastructure sector is poised to see further acceleration with the Government planning monetisation of some of the completed PPP projects to redeploy the funds for new ones. The Government has massive plans for monetisation of PPP projects and government infrastructure assets, which will see further boost in M&A activities, according to Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co.
In an exclusive interaction with
BusinessLine, Roy said, “The largescale distribution reforms in the electricity sector should also improve the financials of the generating companies, which may lead to more deal certainty and better valuations.”
Moody’s has doubts over Modi’s ability to see through big reforms
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Synopsis
Fang said that at Moody’s there had been concerns about the effectiveness and implementation of major policy prescriptions dished out by the government in recent years even before it had downgraded its sovereign rating on India to Baa3.
For Moody’s, which has retained its negative outlook on India’s credit rating, the country’s potential growth rate still remains vulnerable to such policy ineffectiveness.
Related
MUMBAI: With a slew of steps to liberalise labour laws, agriculture market and ramp-up privatisation projects, the government has recently projected itself as a major reformer. Even the Union Budget, announced earlier this month, has been touted by some as reformist given the government’s apparent departure from fiscal conservatism towards fiscal activism through higher spending on capital formation.