M&A deals move into slow lane as investors worry about Covid fallout

Bankers say sale of Lavasa Corp, currently under bankruptcy, and RCap and Reliance Naval deals will be delayed, as bidders are re-thinking plans

Several mergers and acquisitions or M&A transactions have moved into the slow lane as investors are worried about the economic fallout of the second wave of the pandemic.
 
Bankers said the sale of Lavasa Corporation (currently under bankruptcy), assets of Reliance Capital, and Reliance Naval will be delayed as potential investors are now re-thinking their plans.
 
“We have sought an extension of the last date to put in our bid for Lavasa. We are not very sure whether the earnings estimates made by us just a few weeks ago are now valid,” said a bidder.
 
Lavasa, a