Abstract:

The purpose of this paper is to analyse the mergers and acquisitions that have taken place in the Indian pharmaceutical industry, and develop a framework, which would provide directions for a successful merger. In the context of a spurt in the number of Indian companies joining the bandwagon of mergers and acquisitions (M&As) this paper assumes significance as it would provide inputs for companies planning such an M&A. The framework has been developed on the basis of information gathered through in-depth interviews of top executives of pharmaceutical companies, which have undertaken M&A in the recent years. This information has been supplemented by data from the Pharmaceutical Retail Store Audit conducted by ORG-MARG.