Analysis of M&A in the Indian Pharma and their Stock Price

Vol-3 | Issue-12 | December 2018 | Published Online: 10 December 2018    PDF ( 459 KB )
Author(s)
Lakshit Chopra 1; Madhav Kejriwal 2

1B.Com F&A, Department of Professional Studies, Christ University, Karnataka (India)

2B.Com F&A, Department of Professional Studies, Christ University, Karnataka (India)

Abstract

This paper is to examine the impact that the announcement of a merger and acquisition on the stock prices of such company. The focus of this paper has been narrowed down to companies in the Indian Pharmaceutical Industry. This paper focuses upon 3 key deals; Sunpharma and Ranbaxy, Unichem and Torrent and Piramal and Abbot. To conduct this study, the Market study model was used taking a 61 day time period; 30 days before and 30 days after the announcement of such merger and acquisition.

Keywords
Merger and Acquisition, Market Study Model, Stock Prices, Pharmaceutical Companies
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