Published Paper Details:

Mergers and acquisitions have been the most common means of inorganic corporate expansion for years. It is widely used in restructuring business organizations. Companies make mergers and acquisitions based on strategic business motivations that are inherently economic. This research study seeks to assess the pre- and post-impact financial performance of an acquiring company. This is done by comparing the pre-and post-merger performance of the acquiring company and the impact of his Covid-Pandemic on that merger. We will also consider the firm's impact if again covid pandemic happens in the year that affects the company. As part of our analysis, we use the two tower infrastructure businesses Bharti Infratel Ltd. and Indus Towers Ltd. Following the merger's announcement in 2018, the procedure was finished on November 19, 2020. The combined business's paid-in capital increased to Rs. 26,99,369,500. Vodafone Idea exited the market by selling its 11.15% share in Indus Towers Ltd. for Rs. 3760 million euros. The newly combined business was named Indus Towers Ltd. and is traded on the BSE and NSE stock marketplaces.