As per current scenario corporate restructuring is one of the most widely used strategic tools. In daily news we come across frequently with the headlines of merger, acquisitions, takeover, joint venture, demerger and so on. Since last two decades as especially after, the liberalization and consequent globalization and privatization have resulted into tough competition not only in Indian business but globally as well. The present study is mainly based on secondary data. This study aims to study the impact of mergers and acquisitions on the financial performance of Tata group, by examining some pre and post M & A financial ratios, with the sample of companies chosen between 2002–2006 and 2008–2012. In order to evaluate financial performance, Ratio analysis, Mean, Standard Deviation and Co-variance have been calculated manually.
Merger and Acquisition, Financial Performance, Ratio Analysis
