Deals cut by Reliance Industries helped overall mergers and acquisitions (M&As) activity grow 33 per cent in 2020 to $36.9 billion, a report has said. The number of deals came down to 357 from the 443 in 2019, indicating a surge in average ticket sizes, the report by advisory firm Grant Thornton said.
It pointed to the combined $10.1-billion stakebuy in Reliance Jio by Facebook and Google as an illustrative case. The year also saw nine other deals value over $1 billion each, it said, adding that the top deals accounted for nearly two-thirds of the overall activity. There ...
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