• Pavitra B Angadi
• Prof.R.L.Hyderabad

Why do target firms restructure after merger: A study of selected Indian Mergers cases entitled study throughs light on Indian merged companies who all are engaged in several restructuring activities in the post-merger period viz., Post-merger debt restructuring : includes conversion of debt into equity, redemption of debt, injection of new class of debt capital etc, Equity restructuring: involving introduction of new class of equity, conversion of equity into debt, buy-back of shares ,bonus issue , shares splits etc and Management restructuring includes replacement of inside management by outsider management vice-versa and other type of restructuring includes Asset sell-off, spin-offs, split-ups and divestiture, corporate board-restructuring etc. The study investigates whether acquired companies keep target company passively or it will make changes in target companies? If the answer for the said question is yes, then researcher named those changes itself as restructuring and to know the short-term effect of restructuring, the researcher used Event Study-Market model approach to identify the market reaction on the said event.

Merger & Acquisition, restructuring, Acquirer, target companies, post-merger performance, Event study.

"why do acquirer firm restructure target firm in the post merger ? a descriptive study of selected indian merger cases ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 12, page no.b700-b706, December-2025, Available :http://www.jetir.org/papers/JETIR2512189.pdf

"why do acquirer firm restructure target firm in the post merger ? a descriptive study of selected indian merger cases ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 12, page no. ppb700-b706, December-2025, Available at : http://www.jetir.org/papers/JETIR2512189.pdf