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Corporate India's merger and acquisition (M&A) activity witnessed over six-fold increase in year-on-year deal value to approximately USD 15 billion in January, primarily on account of revived domestic deal activity, says a report. In January this year, there were 47 M&A deals worth USD 15,137 million, while there were 45 such transactions worth USD 2,301 million in the same month of 2017, according to assurance, tax and advisory firm Grant Thornton. The uptick in the deal momentum was primarily on account of revived domestic deal activity that witnessed over eight-fold increase in deal values. January recorded three domestic deals valued over USD 1 billion accounting for 98 per cent of the total M&A deal values, the report said. Meanwhile, cross-border deal values recorded over two-fold increase on account of three big-ticket transactions estimated and valued over USD 100 million. "Deleveraging the asset holding companies and strengthening the market position appeared to ..
India Inc's merger and acquisition activity registered a growth of 55 per cent year- on-year in November with deals worth USD 3.2 billion, powered by big-ticket transactions and revival in cross-border activity, says a report. According to assurance, tax and advisory firm Grant Thornton, cross-border deal tally logged an over seven-fold increase in value terms in November. The month recorded four cross-border transactions valued at over USD 100 million compared to only one such deal in November 2016. In November, there were 39 M&A transactions worth USD 3,217 million while in the same period last year, there were 45 deals worth of USD 2,074 million. "Aggregate value of M&A transactions increased by over 50 per cent despite a minor dip in transaction volumes. This increase was primarily driven by a couple of cross-border transactions in telecom, pharma, healthcare and biotech sectors aggregating USD 1.9 billion," said Prashant Mehra Partner at Grant Thornton ...