The common objective: unlock shareholder value, reduce debt, and strengthen balance sheets.
In recent months, Hindustan Unilever, Bharti Enterprises, Adani Enterprises, Larsen & Toubro and the Tata Group, among many others, have sold off non-core assets to focus on their primary competencies. It is a trend that industry executives expect will accelerate going forward due to favourable market conditions.
But why now? Devarajan Nambakam, co-head of India investment banking at Goldman Sachs, said evolving market dynamics, including interest rates remaining high and a desire to unlock value from legacy businesses, is the key reason.
"This is likely to continue in 2025 as companies recalibrate their portfolios to navigate a rapidly changing economic environment and prioritize long-term growth opportunities," he added.
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Esta historia es de la edición January 09, 2025 de Hindustan Times.
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