India Inc Deals

Finance Minister Nirmala Sitharaman said the government has delivered reforms, urges companies to invest, expand production, and partner in skilling youth for India's growth

Indian enterprises are well positioned to handle the impact of tariffs and geopolitical tensions, Moody's Investors Service and its local arm Icra Ratings said on Wednesday. India Inc, however, will be "measured" in making investment decisions in the new fiscal because of the external headwinds, they said. "Indian non-financial companies are not directly affected by US import tariffs due to their focus on domestic consumption and low dependence on exports," a statement from Moody's said. It further noted that government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. "Private capex to remain measured amid external headwinds," it said. Indian corporates will continue investing in new capacity to cater to the sustained growth in domestic consumption, and Moody's estimated that non-financial companies rated by it will spend around USD 50 billion annually in capital .

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IT companies consider deals at or above $100 million as large deals while deals at or above $500 million are categorised as mega deals

Power Finance Corporation (PFC) is planning to come up with Euro denominated green bond issuances, and has appointed bankers including Barclays, Standard Chartered, for investors in Europe and Asia

Last year, India Inc sealed deals worth $88.88 billion in the January-July period, but this year the total transactions are $56.73 billion, fueled mainly by RIL-Jio deals

Metals, mining and energy major Vedanta tops the list with asset impairment worth nearly Rs 50,000 crore since FY15 as it slashed the fair value of its investment

Buyers may take advantage of the crisis and seek lower valuations

India Inc. sealed deals (M&A and PE) worth $47.8 billion in YTD 2017, up by 34 per cent over YTD 2016 and recording a six year high in deal values which was primarily driven by big ticket transactions. Notwithstanding the significant rise in the deal value, the number of transactions declined to 882 from 1,142 recorded in YTD 2016, according to Grant Thornton India LLPIn YTD 2017, in spite of uncertainty among PE investors on the impact of GST on potential investee companies, the deal activity exhibited tremendous resilience with a 74 per cent growth compared to the corresponding period previous year, said Prashant Mehra - Partner at Grant Thornton India LLP As compared to the previous quarter, overall deal value for this quarter witnessed robust 36 per cent increase, while volumes declined by 29 per cent. The growth in deal value was mainly driven by big ticket PE investments. The year to date saw 32 deals valued at and over $100 million accounting for 70 per cent of total PE .

The Vodafone-Idea $27 billion merger accounts for more than 80% of total value