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Boutique bank Moelis eyes expansion in India amid M&A boom
26-Apr-2017

Boutique investment bank Moelis & Co plans to expand in India where it believes economic growth and corporate restructuring will prolong a boom in dealmaking, the head of its local business said on Monday.Manisha Girotra, who previously headed the Indian unit of Swiss bank UBS and is well known in the industry, said she expects deals in sectors such as financials, telecoms and pharmaceuticals to continue driving M&A activity in India. Mergers and acquisitions involving Indian companies hit a record $72.4 billion last year, led by transactions in the energy and power sectors, according to Thomson Reuters data.Moelis has been an adviser on deals involving infrastructure companies Jaiprakash Associates and GMR Infrastructure, and pharmaceutical companies such as Strides Shasun and Intas Pharmaceuticals."We have a few mandates at this point on the new age tech business," Girotra said in an interview at her office in central Mumbai.

News Source:- http://in.reuters.com/article/moelis-india-idINKBN17R0VC