*Research Scholar, Manav Rachna International University, Faridabad, India
**Assistant Professor, Manav Rachna International University, Faridabad, India
***Associate Professor, Vedatya Institute Sohna Road, Gurgaon, India
Online published on 2 June, 2016.
This paper takes a look at the existing literature on corporate takeover and its impact on Automobile Industry in USA, UK & India. It reviews some of the governance mechanisms and their protecting shareholder interest. In India, the corporate takeover is governed by the Companies Act, 2013 & SEBI (SAST) Regulations 2011. In UK it is regulated by The City Code on Takeovers and Mergers. In US takeovers are regulated at both the federal (securities and anti-trust laws) and state (corporate law) levels. Corporate sector of India was restructured by financial organisations by adopting the corporate policies. This paper reviews the impact of automobile takeovers and the role of Indian Industries in global scenario. The present study reviews the extent of external deals made by India. The study reveals that markets have witnessed burgeoning trend which may be due to business consolidation by large industrial houses, consolidation of business by multinationals operating in India, increasing competition against imports and acquisition activities. Corporate takeovers have begun to gain momentum in India since last two decades.
Corporate Takeover, Profitability, Globalization, Companies Act, 2013, The City Code on Takeovers and Mergers
