Bhel drafts aggressive M&A strategy

After its setback in the global acquisition race in the last few years, Bharat Heavy Electricals Ltd (Bhel) has once again set off on the road to acquire firms overseas. This time, the company is armed with a long-term focus on the M&A space by initiating the process of appointing a panel of advisors for an initial phase of two years.

By appointing a long-term panel of advisors, the company seeks to avoid any delay in bidding for an M&A target. Bhel is also trying to get enough time for the due diligence process in order to present a proper bid for the target firm. The move is a first in the country’s public sector. Till now, every public sector enterprise (PSE) appoints advisors as and when an opportunity for an M&A comes up.


Complete article at :
http://www.financialexpress.com/news/Bhel-drafts-aggressive-M-A-strategy/553062/