Indian Outbound M&A To Rally In 2010

Indian firms look set to embark upon a spending spree in 2010 thanks to their success in tapping the nation's stock market last year, which rallied 81% over the twelve-month period. Relatively unscathed by the economic downturn in comparison with the West, Indian firms are now seizing the opportunity to jump back on the overseas acquisition trail. Saurabh Agrawal , head of investment banking at Bank of America-Merrill Lynch in India, agrees: 'We are definitely going to see more deals in 2010. And most will be cross-border deals.'

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