 "Ganeshan Murugaiyan, head of corporate coverage and advisory, BNP Paribas India")
Underpinned by the country’s favourable macro, the outlook for India’s equity capital market (ECM), debt capital market (DCM) and mergers and acquisitions (M&A) remains positive, says GANESHAN MURUGAIYAN, head of corporate coverage and advisory, BNP Paribas India. In an email interview with Samie Modak, Murugaiyan, who oversaw close to a dozen ECM deals in 2023, says large sell-downs by private equity (PE) firms show the depth of the domestic market. Edited excerpts:
The past 12 months have proved quite a fertile ground for share sales. What according to you has underpinned this deal-making activity?
At present, India is in a
