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Corporate India announced mergers and acquisitions worth USD 1.5 billion in March, taking the deal tally for the first quarter of 2018 to USD 18.53 billion, says a report. According to assurance, tax and advisory firm Grant Thornton, March saw 31 M&A deals worth USD 1,499 million, down 92 per cent in value terms from the year-ago month when deals worth USD 23,822 million were announced by way of 28 such transactions. The January-March period saw 118 deals worth USD 18,529 million, while the same quarter last year witnessed 105 merger and acquisition (M&A) deals worth USD 27,477 million. Barring the USD 23 billion Vodafone-Idea merger announced in first quarter of 2017, January-March quarter this year witnessed 2.3 times increase in deal values. During the quarter, domestic M&A values recorded a whopping 5.3 times increase year-on-year on the back of three billion-dollar deals which contributed to 67 per cent of total M&A values. Cross-border deal activity also bounced
Corporate India announced merger and acquisition (M&A) deals worth USD 1,893 million in February this year, registering a 40 per cent increase in value terms over the year ago period driven by big ticket transactions, says a report. According to assurance, tax and advisory firm Grant Thornton, there were 40 M&A transactions worth USD 1,893 million in February, while in the corresponding period a year ago there were 32 such deals worth USD 1,354 million. This increase in M&A deal value in February was driven by big-ticket consolidation that saw four deals valued over USD 100 million contributing to 79 per cent of the total M&A values. In February, IT & ITeS sector led the deal activity accounting for 39 per cent of total deal value driven by Birlasoft's merger with KPIT Technologies. IT solutions sub-segment continued to attract investors' attention as 50 per cent of IT deal volumes were in this segment, the report said. However, on a month-on-month basis February ..
Corporate India's merger and acquisition activity moderated by 46 per cent to 939 million in August compared to same month last year as firms adopted "wait and watch" approach amid GST rollout, says a report. According to assurance, tax and advisory firm Grant Thornton, there were 48 M&A transactions worth USD 939 million in August, while in the corresponding period last year saw equal number of deals with value as high as USD 1.7 billion. The 46 per cent decline in August M&A value was primarily due to the absence of big ticket transactions. Moreover, cross-border activity fell by 65 per cent compared to level recorded in August 2016. "Though the number of M&A transactions remained stable, value of deals transacted declined by 45.81 per cent, primarily driven by reduced inbound transactions. It appears that the 'wait and watch' mode continued in August, primarily to check the progress on GST implementation," Grant Thornton India LLP Partner Prashant Mehra ...