Panya Capital

🚀 Big Win for Startups and Investors! 🚀 The recent budget announcement has brought a wave of excitement in the startup ecosystem. The scrapping of the angel tax and the reduction of Long-Term Capital Gains (LTCG) tax on unlisted shares from 20% to 12.5% are game changers for investors and entrepreneurs. 💡 Angel Tax Scrapped: This move eliminates a significant barrier for startups, making it easier to attract investments and foster innovation. Angel Tax of 30% was imposed by the government on funding raised by privately held companies, including startups, if their valuation exceeded the fair market value. 📉 Reduced LTCG on Unlisted Shares: Lowering the LTCG tax rate to 12.5% from 20%is a substantial benefit for investors. This reduction makes investing in unlisted shares more attractive as it boosts the post-tax returns to the investors. Earlier, Indexation benefit did not compensate for the increased tax rate as unlisted shares were taxed at twice the rate of listed securities. This aligns the tax rate of unlisted securities close to the listed securities. These changes are set to boost investor confidence, drive more funding into startups, and ultimately, fuel the growth of the Indian economy. #Startups #Investing #Budget2024 #AngelTax #LTCG #Innovation #Entrepreneurship

We have a couple of open positions, and we are Hiring. Explore Positions to Join: https://lnkd.in/gT88TFsW Apply if you fit the requirements. #InvestmentBanking #PanyaCapital

Fourth Dimension Technologies gets acquired by CEI, USA   Fourth Dimension Technologies Pvt Ltd (www.fourdtech.com) - Founded in 1990, boasts over three decades of expertise in providing high-quality managed services solutions and support to a wide array of clients spanning diverse industries such as banking and financial services, manufacturing, and healthcare. This includes 24x7 coverage, Cloud Management (CSP), Managed Security Services (MSSP), Managed IT and Service Desk (Hybrid as well as Cloud), Mobile Device Management, and IT Infrastructure observability and support. Additionally, Fourth Dimension strengthens CEI's existing partnerships with Microsoft and expands its reach to include industry leaders like Cisco, VMWare, Fortinet, and RSA. CEI – a Pittsburg, USA-based Technology Business (www.ceiamerica.com), Founded in 1992, has established itself as a trusted advisor, helping organizations navigate the complexities of the technology landscape. With expertise in Technology Strategy & Advisory Services, Custom Technology Solutions, Cloud Solutions, Artificial Intelligence, Managed IT Services, and Staffing, CEI empowers clients to achieve their business goals through innovative technology strategy and implementation. Raja, CEO of CEI Said “We are thrilled to welcome the Fourth Dimension team to the CEI family. This acquisition is a significant step forward in our mission to provide our clients with the most comprehensive and innovative technology solutions available. Fourth Dimension's expertise in managed services and their global reach perfectly complement our existing offerings, allowing us to deliver an exceptional level of service and support to a wider audience, while also expanding our offerings to our current clients.” Speaking at the closing, Jagannathan Narayanan, CEO of Fourth Dimension said “Joining forces with CEI represents an exciting opportunity for both of our organizations. By combining our resources and expertise, we can create a truly unique offering that will empower our clients to thrive in today's dynamic technological environment.” The acquisition was finalized at the end of March 2024, and the closing happened a week later. Panya Capital, a Chennai/Bengaluru-based boutique investment bank were the exclusive investment banker for this deal.  

Fourth Dimension Technologies gets acquired by CEI, USA   Fourth Dimension Technologies Pvt Ltd (www.fourdtech.com) - Founded in 1990, boasts over three decades of expertise in providing high-quality managed services solutions and support to a wide array of clients spanning diverse industries such as banking and financial services, manufacturing, and healthcare. This includes 24x7 coverage, Cloud Management (CSP), Managed Security Services (MSSP), Managed IT and Service Desk (Hybrid as well as Cloud), Mobile Device Management, and IT Infrastructure observability and support. Additionally, Fourth Dimension strengthens CEI's existing partnerships with Microsoft and expands its reach to include industry leaders like Cisco, VMWare, Fortinet, and RSA. CEI – a Pittsburg, USA-based Technology Business (www.ceiamerica.com), Founded in 1992, has established itself as a trusted advisor, helping organizations navigate the complexities of the technology landscape. With expertise in Technology Strategy & Advisory Services, Custom Technology Solutions, Cloud Solutions, Artificial Intelligence, Managed IT Services, and Staffing, CEI empowers clients to achieve their business goals through innovative technology strategy and implementation. Raja, CEO of CEI Said “We are thrilled to welcome the Fourth Dimension team to the CEI family. This acquisition is a significant step forward in our mission to provide our clients with the most comprehensive and innovative technology solutions available. Fourth Dimension's expertise in managed services and their global reach perfectly complement our existing offerings, allowing us to deliver an exceptional level of service and support to a wider audience, while also expanding our offerings to our current clients.” Speaking at the closing, Jagannathan Narayanan, CEO of Fourth Dimension said “Joining forces with CEI represents an exciting opportunity for both of our organizations. By combining our resources and expertise, we can create a truly unique offering that will empower our clients to thrive in today's dynamic technological environment.” The acquisition was finalized at the end of March 2024, and the closing happened a week later. Panya Capital, a Chennai/Bengaluru-based boutique investment bank were the exclusive investment banker for this deal.  

Current Global M&A Trends, based on 2023 data. Technological Integration: M&A deals were often driven by the desire to acquire technology and innovation. Companies sought to stay competitive by acquiring tech firms that could enhance their products or services. Cross-Border Transactions: Globalization continued influencing M&A trends, with companies looking for opportunities beyond their domestic markets. Cross-border deals were prevalent, allowing companies to access new customer bases and expand their global reach. Healthcare Sector Dominance: The healthcare sector saw significant M&A activity, driven by the need for scale, efficiency, and advancements in medical technology. Pharmaceutical companies, in particular, were involved in strategic acquisitions to bolster their pipelines. Renewable Energy and Sustainability: Increasing emphasis on sustainability and the global shift toward renewable energy sources led to M&A activity in the energy sector. Companies aimed to position themselves as leaders in the transition to cleaner and more sustainable practices. Private Equity Involvement: Private equity firms play a crucial role in M&A transactions, often partnering with strategic buyers to facilitate deals. These firms were attracted to opportunities for value creation and returns on investment. Special Purpose Acquisition Companies (SPACs): SPACs gained popularity as an alternative method for companies to go public. These blank-check companies raised funds through an IPO with the sole purpose of acquiring an existing company, providing an alternative path to traditional IPOs. Challenges Due to Economic Uncertainty: Economic uncertainties, geopolitical tensions, and the impact of global events such as the COVID-19 pandemic could influence deal-making strategies. Some companies may choose to delay or reassess their M&A plans in response to changing economic conditions.