There are Mergers & there are 'Just' Associations !!!

This week the brown papers were hit by one of the biggest merger in recent years. This merger was on the cards for some time now but finally the scam ravaged bride 'Satyam' and the fit and stable groom 'Tech Mahindra' had their financial knot tied in the M&A court with JP Morgan, Morgan Stanley & KPMG as the three witnesses.

With this new association, this new entity will have a market cap of $ 3.1 billion with more than 350 odd clients and more than 75 grand employees.This new entity will be the 6th largest India based ITservices firm so we can truly say that Mahindras have definitely hit a 'Six' with this one. Especially with their association with Renault failing, the Ssanyong deal which will let them expand their wings in the South East of Asia & now with this, it seems that the top bosses will be seeing more days at Club Mahindras !!!

By the looks of it, this Merger seems to be profitable as even the markets are giving a thumbs up for them but waiting for the more intricate details, only time will tell ..

But there are associations as well, some work in favour while some dont. 

Lets have a look at some.

Take the case of Telenor, the Norwegian giants came to the country in hope of earning some quick bucks. Theytried to quickly established their foothold with Unitech bt now find them like a Norwegian parents having to give their 'child' to be raised by Indian family. Sounds familiar !! Irony indeed !!

On the other hand, ADAG got their movies venture in the US of A with Spielberg Studios and its Mr. Dreamworks .. well dont bother about the names .. wherever Mr. Spielberg is there Dreams are going to work. This association or JV to be precise is reaping huge benefits and in its small way acting as a wooden 2x4 which hits Mr. Ambani back to life from his 'Power' shocks.

So getting my Merger & Acquisitions glasses on and hoping that I setup a merger with all the people in my life in which they strive and get me my 'Vedanta' !!!