2017 begins with a bang for outbound M&A deals

Indian companies have made acquisitions of $1 billion so far in January

Outbound acquisitions by Indian companies have seen a surge in the first month of 2017 after a lull for the past three years. There were only $5.3-billion worth outbound deals, against $30.8-billion inbound last year. In the previous two years, the numbers were worse. Outbound deals stood at $5 billion in 2015 and $1.7 billion in 2104.

So, when auto ancillary giant Motherson Sumi acquired Finland’s PKC Group for $604 million soon after Zydus Cadila bought US-based Sentynl Therapeutics for an estimated $170-million last week, it was a good beginning for outbound acquisitions this year. Aurobindo Pharma had acquired Portugal’s