Abstract
The global reforms in the last two and half decades have resulted in the adoption of different growth and expansion strategies by enterprises in the emerging economies. In this backdrop, Indian enterprises have been undertaking restructuring exercises primarily through M&As to make their presence felt even across the borders. This new trend of cross-border mergers and acquisitions (CBMAs) activity occurred in India with the advancement of liberalization and globalization process. This paper has been successful in exploring and documenting the evolution and trends of CBMAs for the period of 1990–2011 and analyzes the emerging patterns of cross-border engagement of Indian enterprises with a comparative domain to unearth the reasons and future directions. Direction from this paper indicates that firms from emerging countries like India go for international diversification to obtain intangible assets and resources which they do not possess.
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