Investors are diving deeper to rigorously assess their business targets before sealing a deal
High-profile corruption cases have left investors feeling jittery about inking deals in India. Accounting irregularities, financial mismanagement and corrupt dealings have stifled corporate appetites for quick deals, forcing investors to take extra care when making assessments of the companies they intend to partner with, or purchase.
Instead of just relying on traditional accounting and law firms for due diligence when evaluating prospective investment opportunities in India, many companies are turning to forensic accounting firms and other investigative agencies to uncover potential investment risks.
“Clients are asking for a more nuanced and sophisticated due diligence product in addition to the usual financial and legal due diligence,” says Mumbai-based Richard Dailly, managing director of the consulting services group of New York-based investigative consultancy firm Kroll.
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