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M&A deals declined 13% in November: Report

The report disclosed that a total of $3.21 billion worth of M&A transactions were spread across 39 deals during the month under review

IANS  |  Mumbai 

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and Acquisitions (M&A) in the country declined by 13.33 per cent last month on a year-on-year (YoY) basis, a showed on Friday.

According to Grant Thornton's dealtracker for 2017, the industry's deals declined to 39 from 45 reported for the corresponding month of last year.

The disclosed that a total of $3.21 billion worth of transactions were spread across 39 deals during the month under review, whereas in 2016, the country's M&A activity recorded 45 deals worth $2.07 billion.

"About 100 transactions (M&A and PE) with an aggregate value of $6.2 bn were reported in 2017, which is about twice the deal value and almost the same volume as compared to same month last year," said Prashant Mehra, Partner at Grant Thornton India LLP.

 

First Published: Fri, December 08 2017. 21:04 IST
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