NEW DIRECTIONS AND INNOVATIONS IN HUMANITIES: EMPIRICAL STUDY OF A SOLVENCY ANALYSIS OF SELECTED PHARMACEUTICAL COMPANIES IN INDIA

In today’s globalised economy, the main objective of every firm is to make profits and enhance shareholders wealth. In the global market, number of companies among Indian Pharmaceuticals, have entered into Merger and Acquisition agreements the objective of the study is to evaluate the impact of Merger and Acquisition on the Solvency position of selected pharmaceutical companies. For the present study, 8 pharmaceutical companies listed under Bombay Stock Exchange (BSE) which involved in M&A activities in India after recession period i.e., after 2007. The analysis is based on the various Solvency ratios are compared between pre and post-event periods. Other statistical tools Mean, Standard Deviation, Co-efficient of Variation and Paired ‘t’ test have been used in this research.