Corporate India announced merger and acquisition deals worth USD 8.7 billion in July this year, following which the deal tally for the first seven months of this year stood at USD 74.16 billion, says a report.
According to Grant Thornton’s M&A Dealtracker there were 49 M&A deals worth USD 8.71 billion in July, a nearly 22 fold increase on a year-on-year basis, driven by two large outbound acquisitions valuing over USD 1 billion each.
In the January-July period, there were 284 M&A deals worth USD 74.18 billion, primarily on account of revived domestic and cross-border deal activity, witnessing an increase of over seven times in deal values.
The year so far has registered 12 deals in the billion-dollar category and 33 deals valued at and over USD 100 million each. The telecom, e-commerce, manufacturing, energy, agriculture, banking and IT sectors led the deal activity, capturing 94 per cent of the total deal values in the January-July period. Read More