AN EMPIRICAL STUDY - THE IMPACT OF CORONAVIRUS OUTBREAK ON MERGERS AND ACQUISITION ON FINANCIAL PERFORMANCE: A SPECIAL REFERENCE TO TATA STEEL AND CORUS

Abstract

This research article examined the impact of merger and acquisitions on the financial performance of Tata Steel and Corus post Covid-19. This article analysis the reasons the effect of merger upon the financial performance. Sample size of this research consists Tata Steel and Corus Company which undergone merger and acquisitions during 2007-08. To understand the impact, the annual report of Tata Steel and Corus Company analyzed by taking 19 years audited and published annual report, from period 2002-2020. Various financial tools and techniques are adopted to analyze, understand and significance of the study on performance of the company. The finding of this study shows that there is significant development in financial performance of companies after merger, but due to pandemic there is a decline in the financial performance of the company.