M&A activity in August drops to an 8-month low on fewer mega deals

Overall, however, deal activity in the eight months so far this year remains much higher than last year

Activity on India’s deal street seemed somewhat muted in August, with the total value of transactions dropping to an eight-month low $634 million (33 deals), thanks mainly to fewer big-tickets deals. Overall M&A numbers this calendar year (January-August), however, continue to be strong, with 317 deals in the first eight months aggregating a cumulative value of $74.8 billion, more than double the $32.3 billion in 281 deals during the same period last year.

The overall value of M&A deals in August was 33 per cent less when compared with the same month last year, and 93 per cent lower than