India Inc goes on M&A spree despite Covid, health a key focus area in 2021

BPCL, Air India, airport acquisitions to dominate headlines in New Year

Indian conglomerates bought and sold companies in record breaking deals despite a majority of smaller firms ending the year on a somber note. Barring a few top companies, which saw a phenomenal rise in their market valuation, the rest of corporate India is ending 2020 with battered sales and profits due to the Corona pandemic.

But the year 2020 will be remembered for the billions of dollars’ worth of investments reported by Reliance Industries by selling stake in its telecom services arm, Jio Platforms. As soon as the Mukesh Ambani-led firm stopped selling stakes in Jio, global investors queued up to