A Case Study on Tata Group's Plans to Acquire Stake in GMR Airports Limited (GAL) - in Pursuit of Synergy Gain

POL Subject Matter eJournals Diversification Strategy & Policy eJournal - CMBO POL: Vertical Diversification (Topic) - CMBO

5 Pages Posted: 11 May 2020 Last revised: 18 May 2020

See all articles by Kaushik Ghosh

Kaushik Ghosh

Indian Institute of Technology (IIT), Kharagpur - Vinod Gupta School of Management

Date Written: April 16, 2020

Abstract

This paper delves into the case study of Tata Group’s plan to acquire stake in GMR Airports Limited (GAL) citing the chronology of events, plausible arguments for the acquisition, statutory response for the acquisition proposal culminating into the clearance of the case by The Competition Commission of India (CCI). The case study also examines the controversies happened during the process. It has been identified that post-merger synergy gain is the motivator for the friendly acquisition. All parties engaged in this acquisition are likely to get a magnified benefit well over the sum of individual gains.

Keywords: Merger, Acquisition, Competition Commission of India (CCI), synergy gain

JEL Classification: G34, G28

Suggested Citation

Ghosh, Kaushik, A Case Study on Tata Group's Plans to Acquire Stake in GMR Airports Limited (GAL) - in Pursuit of Synergy Gain (April 16, 2020). POL Subject Matter eJournals Diversification Strategy & Policy eJournal - CMBO POL: Vertical Diversification (Topic) - CMBO , Available at SSRN: https://ssrn.com/abstract=3577861 or http://dx.doi.org/10.2139/ssrn.3577861

Kaushik Ghosh (Contact Author)

Indian Institute of Technology (IIT), Kharagpur - Vinod Gupta School of Management ( email )

Kharagpur, 721302
India

HOME PAGE: http://kaus2007.github.io/online-cv/

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