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
Date Written: April 16, 2020
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: Suggested Citation