Corporate Dossier, ET, July 27, 2007, page 1
Vinod Mahanta and TR Vivek, vinod.mahanta@timesgroup.com
Why some Indians are selling their businesses?
"the netrepreneurs only now realise the real worth of what they've built. there is a strong desire to monetise what they own. with globalisation, overseas buyers are willing to open the purse strings where they see value," says Raman Roy who lsold his BPO firm Spectramind to Wipro to start anohter BPO venutre, Quattro.
India Inc has sold more than 200 businesses worth nearly $18 billion in the last twelve months. Some of them are Anchor, Deccan airways, Matrix Labs, BPL Telecom.
Why are companies selling?
Interstingly, the single most common reason for Indian promoter owned businesses seem to be succession and family related problems.
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