World Economy

India M&A Deals Slip 55 Percent

India M&A Deals Slip 55 PercentIndia M&A Deals Slip 55 Percent

India Inc’s merger and acquisition activity declined 55% to $6.2 billion in value terms during September quarter, as a sense of caution prevailed on the deal street, says a report. According to Ernst & Young’s Transactions Quarterly Report, while the number of deals increased to 252 in the July-September quarter from 234 in the year-ago period, the cumulative disclosed deal value fell to $6.2 billion from $13.7 billion in the same period last year, PTI reported. “In the last few months, a sense of caution prevailed within the investor and business communities. The companies essentially adopted a wait and watch approach in pursuing big-ticket acquisitions,” said Amit Khandelwal, partner and national leader, Transaction Advisory Services, EY. However, the market witnessed healthy activity in smaller value deals. Consequently, the third quarter witnessed a fair increase in deal volume, while deal value reduced compared to the same period last year, Khandelwal added. The report noted that domestic deal activity remained stable in terms of volume, indicating that the local market remained the preferred destination for businesses.


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