Indian M&A deals down 51% in CY19, after record H1 show in 2018: Refinitiv

Most of the deal making involving India was in the financial sector, which attracted $13.7 billion, up 7.2 per cent from a year ago and captured 33 per cent of overall deal value

Merger and acquisition (M&A) activity in India has declined by 51.4 per cent to $41.6 billion so far in the current calendar year, after a record first-half performance in 2018, according to a report by Refinitiv, a $6 billion global provider of financial markets data owned by Blackstone Group LP and Thomson Reuters. The United States was the biggest contributor to Indian M&A activity, both in value and number of transactions, with 26 deals worth $665.4 million, or 39.7 per cent of the overall.

In its half-yearly review of Investment Banking and