Paper Title
Analytical Study of Impact on Shareholder’s Return and Wealth due to Mergers & Acquisitions in Indian Petroleum Industry

This paper presents an analytical study to analyze whether the concerned Merger or Acquisition has actually added to shareholder’s return and wealth. The analysis will be based on the published accounts of the companies which are in the public domain. Shareholder’s returns essentially comprises of dividends plus capital appreciation in the form of an increase in the market value of equity share of the company held by the investor and increasing shareholder’s wealth means increasing the market value of equity shares. Keywords - Merger, Acquisition, shareholder’s return, shareholder’s wealth added Index, Petroleum Industry